Question

Identify the correct statements about white collar crime: A. Crime committed by persons of respectability and high social status in course of their occupation are called white collar crime.
B. People committing this type of crime always enjoy immunity from the State.
C. Hoarding, black marketing and adulteration are common forms of white collar crimes in India.
D. Indian government has not been able to develop regulatory mechanism to curb white collar crime due to liberal economic policies. Choose the correct answer from the options given below:

• A. A & B Only
• B. A & C Only
• C. B & D Only
• D. C & D Only

Hint:

White-collar crimes are usually committed for financial benefit and often involve fraud, corruption, bribery, tax evasion, and adulteration.

Answer 1

The Correct Option is B

Concept: White-collar crimes are non-violent crimes committed by individuals of high social status during the course of their occupation for financial gain.

Step 1: Analyze Statement A.
This statement matches the definition given by criminologist Edwin Sutherland. Therefore, Statement A is correct.

Step 2: Analyze Statement B.
White-collar criminals may possess influence and resources, but they do not always enjoy immunity from the State. Laws and agencies exist to punish such crimes. Therefore, Statement B is incorrect.

Step 3: Analyze Statement C.
Hoarding, adulteration, and black marketing are common examples of economic and white-collar crimes in India. Therefore, Statement C is correct.

Step 4: Analyze Statement D.
India has developed regulatory institutions such as SEBI, ED, SFIO, and anti-corruption laws to control white-collar crimes. Therefore, Statement D is incorrect.

Step 5: Conclude the answer.
Only Statements A and C are correct. Hence, the correct option is: \[ \boxed{\text{A \& C Only}} \]