THE PREVENTION OF CORRUPTION ACT
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is the primary objective of the Prevention of Corruption Act, 1988?
The Act aims to combat corruption among public servants by defining offences, prescribing penalties, and establishing special courts for speedy trial of corruption cases.
Under which year was the Prevention of Corruption Act enacted in India?
The Prevention of Corruption Act was enacted in 1988.
Who is considered a 'public servant' under the Prevention of Corruption Act, 1988?
A public servant includes any person in the service or pay of the government, local authority, public sector bank, or any corporation established by or under a Central or State Act.
Which earlier anti-corruption laws were repealed by the Prevention of Corruption Act, 1988?
The Prevention of Corruption Act 1947 and Criminal Law Amendment Act 1952.
Are bank employees of nationalised banks covered under the Prevention of Corruption Act, 1988?
Yes, employees of nationalised banks and other public sector banks are treated as public servants and are fully covered under the provisions of the Prevention of Corruption Act, 1988.
What is the minimum sentence prescribed for bribery offences under the Prevention of Corruption Act?
Minimum three years imprisonment for bribery offences.
What constitutes 'criminal misconduct' under the Prevention of Corruption Act, 1988?
Criminal misconduct includes a public servant possessing disproportionate assets, habitually accepting or obtaining gratification other than legal remuneration, or misappropriating entrusted property or resources.
What is the maximum sentence for criminal misconduct under the Prevention of Corruption Act, 1988?
Maximum seven years imprisonment with fine.
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