A
Any tax revenue collected by the Central Board of Direct Taxes through penal compoundings.
B
Any property derived or obtained, directly or indirectly, as a result of criminal activity relating to a scheduled offence.
C
Disputed corporate assets frozen exclusively by the National Company Law Tribunal under Section 7.
D
Funds allocated by corporate debtors specifically for resolution professional fees during CIRP.
Correct answer: (b) Any property derived or obtained, directly or indirectly, as a result of criminal activity relating to a scheduled offence.
Explanation
Option B is correct as it matches the definition of Proceeds of Crime under PMLA (property derived from criminal activity relating to a scheduled offence). Options A, C, and D are completely incorrect definitions.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2020 · Q49 · General Studies · 2 marks
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Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is NOT correct? -
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