Directions: In the following passage, some words have been deleted. Select the most appropriate option to fill in each blank.
The Supreme Court’s verdict ___(1)___ all the controversial provisions of the Prevention of Money Laundering Act (PMLA) falls short of judicial standards for reviewing legislative action. Undergirding every aspect of its analysis is a belief that India’s commitment to the international community to strengthening the domestic legal framework for combating money laundering is so ___(2)___ that possible violation of fundamental rights can be downplayed. The judgment repeatedly invokes the “international commitment” behind Parliament’s enactment of the law to curb the ___(3)___ of laundering of proceeds of crime which, it underscores, has transnational consequences such as adversely impacting financial systems and even the sovereignty of countries. There is, no doubt, widespread international concern over the ___(4)___ effects of organized crime fueling international narcotics trade and terrorism. Much of these activities are funded by ___(5)___ money generated from crime, laundered to look legitimate, and funneled into the financial bloodstream of global and domestic economies. A ___(6)___ framework, with apposite departures from the routine standards of criminal procedure, may be justified in some circumstances. However, experience suggests that money ___(7)___ in the Indian context is linked or is seen as a byproduct of a host of both grave and routine offenses that are appended to the Act as a schedule. These ‘scheduled’ or ‘predicate’ offenses ought to be ideally limited to ___(8)___ offenses such as terrorism, narcotics smuggling, corruption, and serious forms of evasion of taxes and duties. However, in practice, the list contains offenses such as fraud, forgery, cheating, kidnapping, and even copyright and trademark ___(9)___. The Enforcement Directorate has also been manifestly ___(10)___ in opening money-laundering probes, rendering any citizen vulnerable to search, seizure, and arrest at the whim of the executive.