1. According to Section 3 of the PMLA 2002, which of the following constitutes an offence of money laundering?
A. Accidentally receiving proceeds of crime
B. Knowingly assisting in any activity connected with proceeds of crime and projecting it as untainted
C. Reporting a suspicious transaction to the FIU
D. Withdrawing 5 lakh in cash from a personal account
Answer: B

2. What is the first stage in the money laundering process?
A. Integration
B. Layering
C. Placement
D. Raising
Answer: C

3. Which stage of money laundering involves the physical disposal of proceeds of criminal activity?
A. Placement
B. Moving
C. Integration
D. Layering
Answer: A

4. The process of creating complex layers of financial transactions to conceal an audit trail is known as:
A. Integration
B. Placement
C. Layering
D. Storing
Answer: C

5. At which stage are laundered proceeds placed back into the legitimate economy as normal funds?
A. Placement
B. Integration
C. Layering
D. Using
Answer: B

6. Which of the following is NOT a stage of Financing of Terrorism?
A. Raising
B. Moving
C. Layering
D. Storing
Answer: C

7. Under Section 45 of the PMLA, all offences are deemed to be:
A. Bailable and non-cognizable
B. Cognizable and non-bailable
C. Compoundable
D. Civil in nature
Answer: B

8. What is the minimum term of rigorous imprisonment for a money laundering offence under Section 4 of PMLA?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
Answer: C

9. What is the maximum term of imprisonment for a money laundering offence, excluding cases related to Narcotics?
A. 3 years
B. 5 years
C. 7 years
D. 10 years
Answer: C

10. In cases connected with the Narcotics Drugs and Psychotropic Substances Act, the imprisonment for money laundering may extend up to:
A. 7 years
B. 10 years
C. 15 years
D. Life imprisonment
Answer: B

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