Practicing Success

Target Exam

CUET

Subject

Legal Studies

Chapter

Topics of Law

Question:
Which of the following is NOT an example of 'White Collar Crime'?
Options:
insider trading
tax evasion
corruption
weapon smuggling
Correct Answer:
weapon smuggling
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. Weapon smuggling is an example of organised crime.