Enforcement Directorate ---- PMLA ---- FEMA

Question 1

____ is a multi-disciplinary organization mandated with investigation of offences of money laundering and violations of foreign exchange laws.

Answer 1

Directorate of Enforcement (ED)

Question 2

It functions under the

Answer 2

Department of Revenue of the Ministry of Finance

Question 3

When was it formed and with which name??

Answer 3

1st May, 1956 —– ‘Enforcement Unit’

Question 4

‘Enforcement Unit’ was formed in the Department of Economic Affairs for handling Exchange Control Laws violations under

Answer 4

Foreign Exchange Regulation Act (FERA), 1947

Question 5

It was headquartered in

Answer 5

Delhi

Question 6

It was headquartered in Delhi, headed by a

Answer 6

Legal Service Officer as the “” Director of Enforcement””

Sanjay Kumar Mishra

Question 7

In the year ____ , this Unit was renamed as ‘Enforcement Directorate’

Answer 7

1957

Question 8

____ was enacted in response to India’s global commitment ( Vienna Convention) to combat the menace of money laundering

Answer 8

Prevention of Money Laundering Act (PMLA), 2002

Question 9

Under ____ of PMLA, the person shall be accused of money laundering if in any manner that person is directly or indirectly involved in the proceeds of the crime

Answer 9

Section 3
* The names are:
Concealment
Possession
Acquisition
Use or projecting as untainted property
Claiming as untainted property

Question 10

Which document is considered an “internal document” and not given to the accused?

Answer 10

ECIR (Enforcement Case Information Report)

Question 11

____ of PMLA states that information must be given by the accused, false information or no information will constitute another offence.

Answer 11

Section 63

Question 12

ED enforces how many laws?

Answer 12

Two
* Foreign Exchange Management Act,1999 (FEMA)
* Prevention of Money Laundering Act, 2002 (PMLA)

Question 13

The legal framework for the administration of foreign exchange transactions in India and all transactions involving foreign exchange have been classified either as capital or current account transactions is provided by the

Answer 13

Foreign Exchange Management Act, 1999
* came into force with effect from 1st June 2000

Question 14

A ‘person resident in India’ is defined in ____ of FEMA, 1999

Answer 14

Section 2(v)

Question 15

Under the ____ , this Directorate is empowered to sponsor cases of preventive detention with regard to contraventions of FEMA.

Answer 15

Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA)

Question 16

This law was enacted to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts & ED is mandated to attach the properties of the fugitive economic offenders who have escaped from India warranting arrest and provide for the confiscation of their properties to the Central Government. NAME IT!!!

Answer 16

Fugitive Economic Offenders Act, 2018 (FEOA)

Question 17

Which section of PMLA gives ED the “power of survey”?

Answer 17

Section 16

Question 18

Which section of PMLA gives ED the “Search and Seizure”?

Answer 18

Section 17

Question 19

Which section of PMLA gives ED the “Power of Arrest”?

Answer 19

Section 19

Question 20

Under ____ of the PMLA, the ED can also directly carry out search and seizure without calling the person for questioning.

Answer 20

Section 50

Question 21

Which sectionprovides for a balancing arrangement to secure the interests of the person and also ensures that the proceeds of crime remain available to be dealt with in the manner provided by the 2002 Act?

Answer 21

Section 5

Question 22

____ is the Central Counter-Terrorism Law Enforcement Agency of India mandated to investigate all the offences affecting the sovereignty, security and integrity of India.

Answer 22

National Investigation Agency (NIA)

Question 23

National Investigation Agency (NIA) was constituted under

Answer 23

National Investigation
Agency (NIA) Act, 2008

Headquarters: New Delhi

Question 24

Under ____ of the Constitution, the maintenance of public order and police forces are matters of (?).

Answer 24

Schedule VII , state list

Question 25

Criminal law forms part of the ____ list

Answer 25

concurrent

Question 26

National security comes under the domains of (??) list.

Answer 26

union

Question 27

____ is a multi-disciplinary organization under the Ministry of Corporate Affairs, consisting of experts in the field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds.

Answer 27

Serious Fraud Investigation Office (SFIO)

Question 28

(?) of the Companies Act, 2013, has accorded statutory status to the Serious Fraud Investigation Office (SFIO).

Answer 28

Section 211

Question 29

____ is a nonviolent crime committed for financial gain.

Answer 29

White-collar crime

Question 30

____ is the nodal agency on the matter of drug law enforcement in India

Answer 30

Narcotics Control Bureau (NCB)

is the apex coordinating agency under the Ministry of Home Affairs

Question 31

Narcotics Control Bureau (NCB) was constituted by the Government of India in

Answer 31

1986 under the Narcotic Drugs and Psychotropic Substances Act, 1985