{"id":86229,"date":"2025-06-01T03:40:52","date_gmt":"2025-06-01T03:40:52","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=86229"},"modified":"2025-06-01T03:40:52","modified_gmt":"2025-06-01T03:40:52","slug":"which-one-of-the-following-is-not-correct-in-respect-of-directorate-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/","title":{"rendered":"Which one of the following is not correct in respect of Directorate of"},"content":{"rendered":"

Which one of the following is not correct in respect of Directorate of Enforcement ?<\/p>\n

[amp_mcq option1=”It is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance.” option2=”It enforces the Foreign Exchange Management Act, 1999.” option3=”It enforces the Prevention of Money Laundering Act, 2002.” option4=”It enforces the Prohibition of Benami Property Transaction Act, 1988.” correct=”option4″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CDS-2 – 2021<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe Directorate of Enforcement (ED) is primarily responsible for enforcing two key financial laws: the Foreign Exchange Management Act, 1999 (FEMA) and the Prevention of Money Laundering Act, 2002 (PMLA). While ED may investigate assets suspected to be ‘benami’ if they are linked to money laundering under PMLA, the direct enforcement of the Prohibition of Benami Property Transaction Act, 1988 (now amended and renamed) falls under the purview of the Income Tax Department and specific Benami Prohibition Units. Therefore, the statement that ED enforces the Prohibition of Benami Property Transaction Act, 1988, is not correct as its primary enforcement lies with other authorities.
\n<\/section>\n
\n– ED operates under the Department of Revenue, Ministry of Finance.
\n– It is a specialized financial investigation agency.
\n– Its main mandate is to investigate violations of FEMA and offences under PMLA.
\n<\/section>\n
\n– The Prohibition of Benami Property Transaction Act, 1988 was significantly amended in 2016 and renamed as the Benami Transactions (Prohibition) Amendment Act, 2016.
\n– The Income Tax Department’s Benami Prohibition Units are the primary agencies tasked with enforcing the Benami Act.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which one of the following is not correct in respect of Directorate of Enforcement ? [amp_mcq option1=”It is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance.” option2=”It enforces the Foreign Exchange Management Act, 1999.” option3=”It enforces the Prevention of Money Laundering Act, 2002.” option4=”It enforces the Prohibition of Benami Property … <\/p>\n

Detailed SolutionWhich one of the following is not correct in respect of Directorate of<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088],"tags":[1110,1099,1172],"class_list":["post-86229","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-2","tag-1110","tag-indian-polity-and-governance","tag-the-governance-system","no-featured-image-padding"],"yoast_head":"\nWhich one of the following is not correct in respect of Directorate of<\/title>\n<meta name=\"description\" content=\"The Directorate of Enforcement (ED) is primarily responsible for enforcing two key financial laws: the Foreign Exchange Management Act, 1999 (FEMA) and the Prevention of Money Laundering Act, 2002 (PMLA). While ED may investigate assets suspected to be 'benami' if they are linked to money laundering under PMLA, the direct enforcement of the Prohibition of Benami Property Transaction Act, 1988 (now amended and renamed) falls under the purview of the Income Tax Department and specific Benami Prohibition Units. Therefore, the statement that ED enforces the Prohibition of Benami Property Transaction Act, 1988, is not correct as its primary enforcement lies with other authorities. - ED operates under the Department of Revenue, Ministry of Finance. - It is a specialized financial investigation agency. - Its main mandate is to investigate violations of FEMA and offences under PMLA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which one of the following is not correct in respect of Directorate of\" \/>\n<meta property=\"og:description\" content=\"The Directorate of Enforcement (ED) is primarily responsible for enforcing two key financial laws: the Foreign Exchange Management Act, 1999 (FEMA) and the Prevention of Money Laundering Act, 2002 (PMLA). While ED may investigate assets suspected to be 'benami' if they are linked to money laundering under PMLA, the direct enforcement of the Prohibition of Benami Property Transaction Act, 1988 (now amended and renamed) falls under the purview of the Income Tax Department and specific Benami Prohibition Units. Therefore, the statement that ED enforces the Prohibition of Benami Property Transaction Act, 1988, is not correct as its primary enforcement lies with other authorities. - ED operates under the Department of Revenue, Ministry of Finance. - It is a specialized financial investigation agency. - Its main mandate is to investigate violations of FEMA and offences under PMLA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T03:40:52+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which one of the following is not correct in respect of Directorate of","description":"The Directorate of Enforcement (ED) is primarily responsible for enforcing two key financial laws: the Foreign Exchange Management Act, 1999 (FEMA) and the Prevention of Money Laundering Act, 2002 (PMLA). While ED may investigate assets suspected to be 'benami' if they are linked to money laundering under PMLA, the direct enforcement of the Prohibition of Benami Property Transaction Act, 1988 (now amended and renamed) falls under the purview of the Income Tax Department and specific Benami Prohibition Units. Therefore, the statement that ED enforces the Prohibition of Benami Property Transaction Act, 1988, is not correct as its primary enforcement lies with other authorities. - ED operates under the Department of Revenue, Ministry of Finance. - It is a specialized financial investigation agency. - Its main mandate is to investigate violations of FEMA and offences under PMLA.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/","og_locale":"en_US","og_type":"article","og_title":"Which one of the following is not correct in respect of Directorate of","og_description":"The Directorate of Enforcement (ED) is primarily responsible for enforcing two key financial laws: the Foreign Exchange Management Act, 1999 (FEMA) and the Prevention of Money Laundering Act, 2002 (PMLA). 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Therefore, the statement that ED enforces the Prohibition of Benami Property Transaction Act, 1988, is not correct as its primary enforcement lies with other authorities. - ED operates under the Department of Revenue, Ministry of Finance. - It is a specialized financial investigation agency. - Its main mandate is to investigate violations of FEMA and offences under PMLA.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T03:40:52+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-is-not-correct-in-respect-of-directorate-of\/","name":"Which one of the following is not correct in respect of Directorate of","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T03:40:52+00:00","dateModified":"2025-06-01T03:40:52+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The Directorate of Enforcement (ED) is primarily responsible for enforcing two key financial laws: the Foreign Exchange Management Act, 1999 (FEMA) and the Prevention of Money Laundering Act, 2002 (PMLA). 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