Assertion: Organised crimes are generally economic offences that are committed by people of high social status.
Reasoning: Betting on sports, illegal sale of firearms and hawala transactions are all examples of Organized Crime.
Reasoning: Betting on sports, illegal sale of firearms and hawala transactions are all examples of Organized Crime.
Answer & explanation
Correct answer: option 4
White-Collar Crime: White-collar crimes are generally economic offences that are committed by people of high social status. They commit these crimes in their respective occupations. Examples are embezzling (stealing money from one's employer), insider trading, and tax evasion and other violations of income tax laws. Instance of corruption, bribery and large-scale scams fall in the category of white collar crimes.
Betting on sports, illegal sale of firearms and hawala transactions are all examples of Organized Crime.
Betting on sports, illegal sale of firearms and hawala transactions are all examples of Organized Crime.