CUET Preparation Today
What is the meaning of the term Benami? |
Transactions made in the name of a fictitious or relatively insignificant person, whereas the real beneficiary remains unnamed. In the name of a person called 'Benam'. Transaction is done by and in the name of the real owner. The special transactions where the real beneficiary remains traceable and accountable. |
Transactions made in the name of a fictitious or relatively insignificant person, whereas the real beneficiary remains unnamed. |
The correct answer is Option (1) → Transactions made in the name of a fictitious or relatively insignificant person, whereas the real beneficiary remains unnamed. The term Benami refers to transactions made in the name of a fictitious or relatively insignificant person, while the real beneficiary remains unnamed or hidden. |
