Correct Answer:
A. Schedule-I
In legal and regulatory documents, specific financial details, such as the limits for imposing fines, are often itemized in schedules to provide clear and easily referenceable information without cluttering the main sections of the Act.
- Correct Answer: Schedule-I is accurate because it is a common legislative practice to list detailed financial thresholds, penalties, or other specific numerical limits in a schedule. This allows for easy amendment of these details without altering the main body of the Act.
- Schedule-II is incorrect as it typically specifies forms for proceedings, as established in the previous question.
- Section 78 and Section 40 are incorrect because while sections define offenses or powers, they usually refer to a schedule for a comprehensive list of pecuniary limits rather than detailing all of them within the section itself.