Provisions of Prevention of Corruption (Amendment) Bill 2013 - General Economics

Q.  Consider the following statements

1. Prevention of Corruption (Amendment) Bill 2013 frames the guidelines for commercial organizations to prevent their employees/associates from giving bribes to public servants.

2. Average trial period of cases is decreased to 2 years from 8 years.

Which of the above statement is/are correct?
- Published on 05 May 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both
 
Prevention of Corruption Act was passed in 1988. It has is based on US Foreign Corrupt Practices Act, 1977, and the UK's Bribery Act, 2010.

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