Under which law was the smuggled foreign-origin gold seized by the DRI?
- A.The Customs Act, 1962
- B.The Foreign Exchange Management Act, 1999
- C.The Prevention of Money Laundering Act, 2002
- D.The Gold Control Act, 1968
Correct answer
Explanation
The correct answer is the Customs Act, 1962. The release names this statute twice in the same episode near the Indo-Bangladesh border, saying that because the person could not produce documents for lawful possession the gold was seized under the Customs Act, and that he was arrested under the relevant provisions of the same Act. The statute appears again in the case from Chandauli in Uttar Pradesh, where the occupants of a car could not show lawful possession of 22 recovered bars. The other three options name genuine laws that candidates often associate with economic offences, and that is exactly why they have been placed here, but none of them is mentioned in this release. Smuggling of goods across the customs frontier is dealt with under customs law, which is why the Directorate of Revenue Intelligence, functioning under the Ministry of Finance, proceeds under this Act.
Read the full article: DRI Seizes 41 kg Smuggled Gold Worth Rs 62 Crore Across India
Practice Questions
Which force worked with the DRI in the seizure made near the Indo-Bangladesh border?
- A.Central Reserve Police Force
- B.Indo-Tibetan Border Police
- C.Border Security Force
- D.Sashastra Seema Bal
Show answer
The release records that the DRI, acting in coordination with the BSF, seized 89 pieces of foreign-origin gold bars weighing around 11.3 kg from a person near the Indo-Bangladesh border at BOP Halderpara, and that the man, unable to produce documents of lawful possession, admitted his involvement and was arrested.
Read the full explanation →How many persons were arrested in the six operations announced by the DRI?
- A.18
- B.22
- C.24
- D.32
Show answer
The release states in its headline and again in the opening paragraph that the operations resulted in the arrest of 24 persons, including three foreign nationals.
Read the full explanation →What was the theme of the 14th India Chem 2026 held in Mumbai?
- A.Advantage Bharat: An Emerging Global Chemicals Hub
- B.Chemicals for a Viksit Bharat
- C.Green Chemistry, Green Growth
- D.Make in India, Mix in India
Show answer
The 14th edition of India Chem was organised in Mumbai from 22 to 24 October 2026 as a three-day event aimed at drawing investment and promoting sustainable growth in chemicals and petrochemicals.
Read the full explanation →Which of the following is NOT one of India's three operational Petroleum, Chemicals and Petrochemicals Investment Regions?
- A.Dahej in Gujarat
- B.Paradeep in Odisha
- C.Visakhapatnam-Kakinada in Andhra Pradesh
- D.Haldia in West Bengal
Show answer
India has three operational PCPIRs: Dahej in Gujarat, Visakhapatnam-Kakinada in Andhra Pradesh and Paradeep in Odisha. Haldia is not among them, so option D is the exception.
Read the full explanation →What is the total financial outlay of the BHAVYA Rasayan scheme for dedicated chemical parks?
- A.Rs 1,000 crore
- B.Rs 3,030 crore
- C.Rs 5,000 crore
- D.Rs 30,000 crore
Show answer
The Bharat Audyogik Vikas Yojana Rasayan scheme, approved in July 2026, carries that total outlay, of which Rs 3,000 crore is earmarked for common infrastructure and basic utilities and Rs 30 crore for administrative expenditure.
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