New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the Prevention of Money-Laundering Act,

    2002 whoever commits the offence of money-laundering shall be punishable with________________
    A Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years Correct Answer Incorrect Answer
    B Rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine Correct Answer Incorrect Answer
    C Rigorous imprisonment for a term which shall not be less than three years and shall also be liable to fine Correct Answer Incorrect Answer
    D Rigorous imprisonment for a term which shall not be less than ten years but which may extend to seven years and shall also be liable to fine Correct Answer Incorrect Answer

    Solution

    Section 4 - Punishment for money-laundering

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