CSE-2019 | Prelims Daily Quiz 53


With reference to Serious Fraud Investigation Office (SFIO) which was recently in news, consider the following statements:

1. It is a body formed by executive resolution.

2. It functions under Ministry of Finance.

3. It cannot make arrests.


Select the correct statement/s using the code given below:

a) 1 and 2 only

b) 2 only

c) 1 and 3 only

d) None of the above

d) None of the above

  • SFIO is a statutory body.
  • It functions under the Corporate Affairs Ministry.
  • The power to make arrests was granted to SFIO in August last year.