Under the Prevention of Money-laundering Act, 2002, "precious stone" includes:
Section 2(1)(sc) defines "precious stone" as "diamond, emerald, ruby, sapphire or any such other stone as may be notified by the Central Government". All four named stones…
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Under the Prevention of Money-laundering Act, 2002, "precious stone" includes:
Answer and explanation
Correct answer A
Section 2(1)(sc) defines "precious stone" as "diamond, emerald, ruby, sapphire or any such other stone as may be notified by the Central Government". All four named stones are included, while pearl, coral, jade and amber are not named in the clause.