Under the Information Technology Act, 2000, what is the punishment prescribed on first conviction for publishing or transmitting of material depicting children in sexually explicit act, etc., in electronic form?

A. Imprisonment of either description for a term which may extend to five years and with fine which may extend to Rs. 10 lakh

B. Imprisonment of either description for a term which may extend to seven years and with fine which may extend to Rs. 10 lakh

C. Imprisonment of either description for a term which may extend to three years and with fine which may extend to Rs. 10 lakh

D. Imprisonment of either description for a term which may extend to three years and with fine which may extend to Rs. 5 lakh

Answer: Option B