Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:
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.
Options:
Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.
Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.
Assertion (A) is true but Reasoning (R) is not correct.
Assertion (A) is not true but Reasoning (R) is correct.
Correct Answer:
Assertion (A) is not true but Reasoning (R) is correct.
Explanation:
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.