GK
INFORMATION TECHNOLOGY ACT 2000
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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42, 67, 67A, 67B
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66, 66C, 66D
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43, 66, 66C, 66D
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None of the above
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Detailed explanation-1: -What is the punishment for credit card fraud in India? Section 66C-If a person through fraud or dishonesty uses the electronic signature, password or any other unique identification feature of another, such a person is liable for imprisonment upto 3 years and fine upto Rs 1 lakh.
Detailed explanation-2: -The Fair Credit Billing Act (FCBA) is a 1974 amendment to the Truth in Lending Act that puts in place consumer protections against inaccurate or fraudulent credit card charges and other billing errors.
Detailed explanation-3: -What is credit card fraud detection? Credit card fraud detection is the collective term for the policies, tools, methodologies, and practices that credit card companies and financial institutions take to combat identity fraud and stop fraudulent transactions.