Question

Identify the Acts of Parliament governing the Enforcement Directorate:

• A. Prevention of Money Laundering Act (PMLA)
• B. Fugitive Economic Offenders Act (FEOA)
• C. Foreign Exchange Management Act (FEMA)
• D. Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA)

Answer 1

Answer:

D. Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA)

COFEPOSA stands for the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (1974).

This is an Indian law enacted to prevent illegal activities such as foreign exchange violations and smuggling that can harm the Indian economy.