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EconomyEasy

Which method of concealment was used to disguise the smuggled gold as something other than gold?

  1. A.Gold wires coated with rhodium
  2. B.Gold coins sewn into shoe soles
  3. C.Gold dust mixed with tea leaves
  4. D.Gold sheets hidden in book covers

Correct answer

A. Gold wires coated with rhodium

Explanation

The correct answer is gold wires coated with rhodium. The investigation found that the carriers drew the metal into thin wires and gave them a rhodium coating, which hides the colour of gold, and the same passengers also fitted gold into the inner linings of their trolley bags and carried gold paste inside the inner shells of those bags. Options B, C and D describe tricks that do not appear in this case. The point behind the question is that the concealment was chosen to defeat a visual check at the airport, which is why the agency relied on specific intelligence and sustained surveillance instead, running searches over 42 hours from 16 October 2026 and recovering about 890 grams of gold along with records of 6.41 kg already melted.

Read the full article: DRI Busts Gujarat Gold Racket, 13 Kg Seized Worth Rs 19.41 Cr

Q1.EconomyMedium

Under which law were the three persons arrested in the DRI's Gujarat gold smuggling case?

  1. A.The Customs Act, 1962
  2. B.The NDPS Act, 1985
  3. C.The Gold Control Act, 1968
  4. D.The Foreign Exchange Management Act, 1999
Show answer
Correct answer: A. The Customs Act, 1962

Gold brought into the country without declaration and without payment of duty is smuggled goods, so the three arrests in this case, which covered dealings in 13.017 kg of foreign-origin gold valued at about Rs 19.41 crore, were made under that Act.

Q3.EconomyMedium

Under which law has NPPA fixed the trade margin ceiling on these anti-cancer drugs?

  1. A.Paragraph 19 of the Drugs (Prices Control) Order, 2013
  2. B.Section 12 of the Essential Commodities Act
  3. C.Paragraph 4 of the National Pharmaceutical Pricing Policy
  4. D.Rule 65 of the Drugs and Cosmetics Rules
Show answer
Correct answer: A. Paragraph 19 of the Drugs (Prices Control) Order, 2013

This is the enabling provision cited by the regulator while capping the trade margin at thirty per cent of the Maximum Retail Price for the identified non-scheduled anti-cancer medicines.