As per section 31-C of the National Accountability Ordinance, 1999 no Court established under this Ordinance shall take cognizance of an offence against an officer or an employee of a bank or financial institution for writing off, waiving, restructuring or refinancing any financial facility, interest or markup without prior approval of the_______________?
Correct answer: D. State Bank of Pakistan
- A. President
- B. Chairman NAB
- C. Court
- D. State Bank of Pakistan
Explanation
Section 31-C requires prior approval of the State Bank of Pakistan before cognizance is taken against a bank or financial-institution officer for writing off, waiving, restructuring or refinancing a facility or its markup. The Chairman NAB or a general court is not the specified approving authority.
Last updated
About Criminal Law
Criminal law identifies offences against the state, persons and property, and explains the requirements of actus reus and mens rea for establishing liability. It also covers stages of crime, abetment, attempt, joint and common intention, general exceptions, criminal responsibility and punishments, distinguishing substantive offences from criminal procedure.
Practise Criminal Law
1,518 free Criminal Law MCQs from Law and Constitution, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Law and Constitution questions like this
Law and Constitution is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
Related questions
(+/-)-4-brome-2, 5 dimethoxy-a-methyphenethylamine is the chemical name of_____________?
5, 5-daily lbarturic acid is chemical name of_______________?
7-Chloro-1-methyl-5-phenyl-iH-5-benzodiazepine-2, 4(3H,5H)-dione is the chemical name of____________?
A, a client says to B, and advocate "I wish to obtain possession of property by use of a forged deed on which I request you to sue". The communication, being made in furtherance of criminal purpose is_____________ disclosure?
A aims at a deer but misses the target and kill, Z who is standing by. A is guilty of____________________?