Benami Transactions Act — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Consider the following statements about the Benami Transactions (Prohibition) Act, 2016: 1. The Act applies retrospectively to all benami transactions entered into before 2016. 2. Property purchased in the name of unmarried daughter is always considered benami. 3. The Initiating Officer can attach benami property for a maximum period of 150 days. 4. The burden of proof lies on the prosecution to establish benami nature of transaction. Which of the statements given above is/are correct?
Which of the following best describes the constitutional basis for the Benami Transactions (Prohibition) Act?
In the context of benami transactions, which of the following transactions would be exempt under Section 4 of the Act?
Consider the following about the enforcement machinery under Benami Transactions Act: 1. Adjudicating Authority is headed by a retired High Court Judge 2. Appeals from Adjudicating Authority lie to the Appellate Tribunal 3. Initiating Officer must be an IAS officer of Joint Secretary rank 4. Final appeal lies to the Supreme Court on questions of law Which of the statements given above are correct?
The term 'reason to believe' in the context of Benami Transactions Act refers to: