- The PBPT Act deals with property held in the name of one person where the consideration has been paid by another person, with certain exceptions. - Benami properties are subject to confiscation by the government. - The Act provides for investigative, adjudicating, and appellate authorities.
With reference to the 'Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)', consider the following statements: 1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction. 2. Properties held benami are liable for confiscation by the Government. 3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism. Which of the statements given above is/are correct?
Asked in UPSC IAS 2017 · Topic: The Parliamentary Act (Legislative Procedures (Ordinary, Money, Financial, Constitutional Amendment Bills))
More Indian Polity and Governance questions
- In India, it is legally mandatory for which of the following to report on cyber security incidents? 1. Service providers 2. Data centres 3. Body corporate Select the correct answer using the code given below:
- Consider the following statements: 1. As per the Right to Education (RTE) Act, to be eligible for appointment as a teacher in a State, a person would be required to possess the minimum qualification laid down by the concerned State Council of Teacher Education. 2. As per the RTE Act, for teaching primary classes, a candidate is required to pass a Teacher Eligibility Test conducted in accordance with the National Council of Teacher Education guidelines. 3. In India, more than 90% of teacher education institutions are directly under the State Governments. Which of the statements given above is/are correct ?
- Consider the following statements: The Food Safety and Standards Act, 2006 replaced the Prevention of Food Adulteration Act, 1954. The Food Safety and Standards Authority of India (FSSAI) is under the charge of Director General of Health Services in the Union Ministry of Health and Family Welfare. Which of the statements given above is/are correct?
- Consider the following statements: 1. According to the Indian Patents Act, a biological process to create a seed can be patented in India. 2. In India, there is no Intellectual Property Appellate Board. 3. Plant varieties are not eligible to be patented in India. Which of the statements given above is/are correct?
- Which new provision has been added to the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 vide its 2018 amendment ?
- Under the Prevention of Money-Laundering Act, 2002, any authority or officer, who without reasons recorded in writing, conducts vexatious search by exercising powers under the Act is liable for punishment of :
- In cases triable by special judges under the Prevention of Corruption Act, 1988, what is ordinarily the prescribed time period during which the trial should be concluded ?
- Which of the following groups of provisions of the Indian Penal Code, 1860 form the basis for the present Prevention of Corruption Act ?