To prohibit benami transactions.

To regulate benami transactions.

To promote benami transactions.

To exempt benami transactions from taxation.

Transfer of property in the name of a wife by her husband.

Transfer of property in the name of a minor child by his/her parents.

Transfer of property in the name of a trust by its settlor.

Transfer of property in the name of a company by its shareholders.

Imprisonment for a term of up to 7 years and a fine of up to Rs. 1 crore.

Imprisonment for a term of up to 3 years and a fine of up to Rs. 50 lakhs.

Imprisonment for a term of up to 1 year and a fine of up to Rs. 25 lakhs.

None of the above.

The Income Tax Department.

The Enforcement Directorate.

The Central Bureau of Investigation.

All of the above.

3 years from the date of the transaction.

5 years from the date of the transaction.

7 years from the date of the transaction.

10 years from the date of the transaction.

The burden of proof lies on the prosecution.

The burden of proof lies on the accused.

The burden of proof is shared equally between the prosecution and the accused.

There is no burden of proof in a benami transaction case.

The property involved in the transaction is forfeited to the government.

The property involved in the transaction is transferred to the beneficial owner.

The property involved in the transaction is sold and the proceeds are distributed between the benamidar and the beneficial owner.

None of the above.

A transaction in which the real owner of the property is different from the person in whose name the property is held.

A transaction in which the consideration for the transfer of property is paid by a person other than the transferee.

A transaction in which the property is transferred to a person who is not related to the transferor.

All of the above.

A person who holds property in his/her name for the benefit of another person.

A person who transfers property to another person for a consideration.

A person who receives property from another person without paying any consideration.

None of the above.

A person who is the real owner of the property.

A person who pays the consideration for the transfer of property.

A person who receives the property from the transferor.

All of the above.

Imprisonment for a term of up to 7 years and a fine of up to Rs. 1 crore.

Forfeiture of the property involved in the transaction to the government.

Both of the above.

None of the above.

Transfer of property to a spouse or child.

Transfer of property to a trust for the benefit of a minor.

Transfer of property to a company or partnership.

All of the above.

The authorities can attach benami property by issuing a provisional attachment order.

The authorities can attach benami property by issuing a final attachment order.

The authorities can attach benami property by both issuing a provisional attachment order and a final attachment order.

None of the above.

30 days from the date of the order.

60 days from the date of the order.

90 days from the date of the order.

120 days from the date of the order.

Imprisonment for a term of up to 3 years and a fine of up to Rs. 50 lakhs.

Imprisonment for a term of up to 1 year and a fine of up to Rs. 25 lakhs.

Both of the above.

None of the above.