UPSC Exam > UPSC Questions > With reference to Directorate of Enforcement...
Start Learning for Free
With reference to Directorate of Enforcement (ED), consider the following statements:
The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law.
The ED works under the control of the Ministry of Home Affairs.
Q. Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
With reference to Directorate of Enforcement (ED), consider the follo...
Recently, the National Socialist Council of Nagalim (Isak-Muivah) marked 25 years
of ceasefire with the Government of India (GoI).
Statement 1 is not correct: Directorate of Enforcement enforces the following laws:
- Foreign Exchange Management Act, 1999 (FEMA) - A Civil Law, with officers empowered to conduct investigations into suspected contraventions of the Foreign Exchange Laws and Regulations, adjudicate contraventions, and impose penalties on those adjudged to have contravened the law.
- Prevention of Money Laundering Act, 2002 (PMLA) - A Criminal Law, with the officers empowered to conduct investigations to trace assets derived out of the proceeds of crime, to provisionally attach/ confiscate the same, and to arrest and prosecute the offenders found to be involved in Money Laundering.
Statement 2 is not correct: is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India
Free Test
FREE
| Start Free Test |
Community Answer
With reference to Directorate of Enforcement (ED), consider the follo...
The correct answer is option 'D', i.e., neither statement 1 nor 2 is correct.
Explaination:
1. The first statement is incorrect. The Enforcement Directorate (ED) is responsible for enforcing two major laws - the Prevention of Money Laundering Act, 2002 (PMLA) and the Foreign Exchange Management Act, 1999 (FEMA). Both these acts deal with economic offenses, but they are not criminal laws. Instead, they are civil laws that allow the ED to initiate proceedings for the confiscation of assets acquired through illegal means or for violations of foreign exchange regulations. The ED investigates cases of money laundering and foreign exchange violations and takes appropriate action based on the evidence gathered during its investigations.
2. The second statement is also incorrect. The Enforcement Directorate (ED) is an agency of the Department of Revenue under the Ministry of Finance, not the Ministry of Home Affairs. The ED works independently under the administrative control of the Department of Revenue and functions as a specialized financial investigation agency. It is responsible for enforcing economic laws related to money laundering and foreign exchange violations.
In conclusion, neither statement 1 nor statement 2 is correct. The ED does not enforce criminal laws but rather civil laws related to money laundering and foreign exchange violations. Additionally, it operates under the Ministry of Finance, not the Ministry of Home Affairs.
Explaination:
1. The first statement is incorrect. The Enforcement Directorate (ED) is responsible for enforcing two major laws - the Prevention of Money Laundering Act, 2002 (PMLA) and the Foreign Exchange Management Act, 1999 (FEMA). Both these acts deal with economic offenses, but they are not criminal laws. Instead, they are civil laws that allow the ED to initiate proceedings for the confiscation of assets acquired through illegal means or for violations of foreign exchange regulations. The ED investigates cases of money laundering and foreign exchange violations and takes appropriate action based on the evidence gathered during its investigations.
2. The second statement is also incorrect. The Enforcement Directorate (ED) is an agency of the Department of Revenue under the Ministry of Finance, not the Ministry of Home Affairs. The ED works independently under the administrative control of the Department of Revenue and functions as a specialized financial investigation agency. It is responsible for enforcing economic laws related to money laundering and foreign exchange violations.
In conclusion, neither statement 1 nor statement 2 is correct. The ED does not enforce criminal laws but rather civil laws related to money laundering and foreign exchange violations. Additionally, it operates under the Ministry of Finance, not the Ministry of Home Affairs.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
Question Description
With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
Solutions for With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?, a detailed solution for With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to Directorate of Enforcement (ED), consider the following statements: The ED enforces the Foreign Exchange Management Act, 1999 (FEMA) which is a criminal law. The ED works under the control of the Ministry of Home Affairs. Q. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup