Solved IB ACIO Question
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Q · Economic Security and Black MoneyMedium · 45s
Consider the following: 1. Hawala is punishable under PMLA. 2. Participating in benami transactions can result in imprisonment. 3. Black money always leaves an official transaction record. Which statements are correct?
TopicEconomic Security and Black Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
From TestChapter Test 1 (Chapter Test)
Test Duration30 min
Step-by-Step Solution
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Hawala and benami transactions are punishable, but black money does not always leave an official record.
Final Answer: Option A — 1 and 2 only