Step 1: Perjury is the offence of intentionally giving false evidence, or fabricating false evidence, in a judicial proceeding while bound by oath to tell the truth.
Step 2: Section 191 IPC defines the act of giving false evidence and Section 192 defines fabricating false evidence, but neither states the penalty.
Step 3: The punishment for perjury is laid down in Section 193 IPC, which provides imprisonment that may extend up to seven years plus fine. This makes option (a) correct.
Step 4: Sections 197 and 190 deal with other matters and do not prescribe the punishment for perjury, so they are incorrect.