Topic: History of the world will include events from 18th century such as industrial revolution, world wars, redrawal of national boundaries, colonization, decolonization, political philosophies like communism, capitalism, socialism etc.— their forms and effect on the society.
2. Prevention of Money Laundering Act (PMLA) is significantly positioned to address money laundering activities. Its efficacy depends on the resolution of challenges in implementation, timely prosecution, and prevention of misuse. Critically examine (250 words)
Difficulty level: Tough
Reference: The Hindu , Insights on India
Why the question:
Critics argue that amendments to the Prevention of Money Laundering Act (PMLA) stripped a person of his right under Article 20(3) (fundamental right against self-incrimination) of the Constitution.
Key Demand of the question:
To write successes and limitations of PMLA in achieving its stated objectives.
Structure of the answer:
Introduction:
Begin by writing about the aims and objectives of PMLA.
Body:
First, write about the various features of PMLA – its successes and limitations when it comes to holding the launderers accountable.
Next, write about the steps that have been taken to improve the conviction rate in the PMLA. Write about its impact.
Conclusion:
Conclude with a way forward to holistically address the issue of money laundering in the country.
