Home/ Questions/Q 343978
Next
In Process
Basanti Kurian
Asked: 2022-10-31T21:33:18+05:30 In:

The Directorate of Enforcement was established in the year ______ with its headquarters at New Delhi.
1. 1956
2. 1958
3. 1954
4. 1952

The Directorate of Enforcement was established in the year ______ with its headquarters at New Delhi.
1. 1956
2. 1958
3. 1954
4. 1952
Class 11
Leave an answer

Leave an answer

Browse

1 Answer

  1. Correct Answer – Option 1 : 1956

    The correct answer is 1956.

    • Directorate of Enforcement is a specialized financial investigation agency under the Department of Revenue, Ministry of Finance, Government of India.
    • On 1 May 1956, an Enforcement Unit’ was formed, in the Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947.
    • In the year 1957, this Unit was renamed as Enforcement Directorate’.
    • ED enforces the following laws:
      • Foreign Exchange Management Act,1999 (FEMA)
      • Prevention of Money Laundering Act, 2002 (PMLA)
    • 0