Explanation:

Certainly, here’s a brief explanation of the options:

- Option 1: Section 406 of IPC

- This section deals with the punishment for criminal breach of trust. It prescribes penalties for anyone who dishonestly misuses someone else's property or funds that were entrusted to them.

- This is the correct answer.

- Option 2: Section 407 of IPC

- This section pertains to criminal breach of trust by a carrier, wharfinger, or warehouse-keeper.

- Option 3: Section 416 of IPC

- This section is not related to criminal breach of trust. It deals with the offense of cheating by personation.

- Option 4: None of the above

- This is incorrect as the correct section is listed in the options.