What is the punishment for the offense of extortion under Section 308 of The Bharatiya Nyaya Sanhita, 2023?

1
 Imprisonment for a term which may extend to ten years, or with a fine, or both.
2
 Imprisonment for a term which may extend to seven years, or with a fine, or both.
3
Imprisonment for a term which may extend to two years, or with a fine, or both.
4
Imprisonment for a term which may extend to five years, or with a fine, or both.

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