Which agency busted the pan-India gold smuggling syndicate that used courier consignments to move foreign-origin gold?
- A.Enforcement Directorate
- B.Directorate of Revenue Intelligence
- C.Central Bureau of Investigation
- D.National Investigation Agency
Correct answer
Explanation
The correct answer is the Directorate of Revenue Intelligence, commonly called DRI, which works under the Ministry of Finance and is the country's specialised agency for customs intelligence and anti-smuggling work. It was DRI that acted on intelligence about gold crossing the India-Bangladesh border, intercepted the courier parcels in several cities and seized the metal under the customs law. Option A, the Enforcement Directorate, is wrong because that body deals mainly with foreign exchange and money laundering offences and had no role in this seizure. Option C, the Central Bureau of Investigation, is wrong because it is the general investigating agency for corruption and serious crime, not for customs and smuggling. Option D, the National Investigation Agency, is wrong because its mandate covers terrorism and related offences. Candidates should link smuggling and customs cases to DRI.
Read the full article: DRI Seizes 6.61 kg Smuggled Gold Worth Rs 10.36 Crore, 11 Held
Practice Questions
How much foreign-origin gold was seized in the operation, and what was its approximate value?
- A.3.25 kg worth about Rs 5.10 crore
- B.6.61 kg worth about Rs 10.36 crore
- C.12.40 kg worth about Rs 18.75 crore
- D.18.20 kg worth about Rs 29.50 crore
Show answer
That quantity of foreign-origin gold, all of it in bar form, was recovered from the courier consignments that were intercepted during the coordinated operation, and it was seized under the relevant provisions of the customs law.
Read the full explanation →According to the preliminary scrutiny of documents, how much smuggled gold had the syndicate already moved through courier channels in nine months?
- A.About 318 kg worth about Rs 475 crore
- B.About 118 kg worth about Rs 160 crore
- C.About 640 kg worth about Rs 900 crore
- D.About 45 kg worth about Rs 70 crore
Show answer
Documents examined after the arrests showed that this quantity of smuggled gold had already been carried and delivered through the same courier-based network during nine months of the current calendar year, which is what revealed the true size of the operation.
Read the full explanation →What export figure for October was described as an all time high at the fair?
- A.Nearly 60 billion dollars
- B.Nearly 75 billion dollars
- C.Nearly 90 billion dollars
- D.Nearly 120 billion dollars
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Speaking at the opening of the fair, the Commerce and Industry Minister said the country had posted its highest ever monthly export total in October, made up of roughly 50 billion dollars of merchandise and about 40 billion dollars of services.
Read the full explanation →How many startups are being showcased in the Hall of Inspiration at the 45th IITF?
- A.300
- B.450
- C.600
- D.750
Show answer
The Hall of Inspiration was described as a major attraction of this edition, and it puts 600 startups and their innovations before visitors.
Read the full explanation →Where was the 45th India International Trade Fair 2026 inaugurated?
- A.Pragati Maidan Hall 7
- B.Bharat Mandapam, New Delhi
- C.Yashobhoomi, Dwarka
- D.India Expo Centre, Greater Noida
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The Union Minister of Commerce and Industry opened the 45th India International Trade Fair at Bharat Mandapam, and the same venue is the one the government says it will expand in a fresh phase that nearly doubles the exhibition space on offer.
Read the full explanation →