As per FEMA, any person acquiring Foreign Exchange from AD Bank is permitted to use it ____
Aonly for the purpose for which it is acquired or keep in depositCorrect AnswerIncorrect Answer
Bonly for the purpose for which it is acquired or any other permitted useCorrect AnswerIncorrect Answer
Conly for the purpose for which it is acquiredCorrect AnswerIncorrect Answer
Donly for the purpose for which it is acquired or else surrender to AD BankCorrect AnswerIncorrect Answer
EAny of the aboveCorrect AnswerIncorrect Answer
Solution
As per FEMA, any person acquiring Foreign Exchange from AD Bank is permitted to use it for the purpose for which it is acquired or any other permitted use.
