UPSC Prelims Marathon Quiz

The Enforcement Directorate (ED) is a law enforcement agency of the Government of India that is responsible for enforcing Economic Laws and fighting Economic Crime.Hence, statement 1 is correct.

It was formed with the purpose of handling Exchange Control Law violations under the Foreign Exchange Regulation Act, 1947.

Initially established under the Department of Economic Affairs in 1956 as an ‘Enforcement Unit’, it was later shifted to the Department of Revenue for administration in 1960.

Now, the ED is administered by the Department of Revenue under the Ministry of Finance.Hence, statement 2 is incorrect.

Enforcement Directorate cannot register a case on its own.Hence, statement 3 is incorrect.