Question : Which of the following ministries has administrative control over the Serious Fraud Investigation Office?
Option 1: Ministry of Corporate Affairs
Option 2: Ministry of Home Affairs
Option 3: Ministry of Commerce
Option 4: Ministry of Commerce and Industry
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Correct Answer: Ministry of Corporate Affairs
Solution : The correct answer is the Ministry of Corporate Affairs .
Under the Companies Act of 2013, the Serious Fraud Investigative Office (SFIO) was established as a fraud investigative body with the primary goal of resolving complex and serious frauds. It is a legally mandated organisation created to address fraud in the central services and other areas.
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