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Question

As per FEMA, any person acquiring Foreign Exchange from

AD Bank is permitted to use it ____

A only for the purpose for which it is acquired or keep in deposit

B only for the purpose for which it is acquired or any other permitted use

C only for the purpose for which it is acquired

D only for the purpose for which it is acquired or else surrender to AD Bank

E Any of the above

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Relevant for Exams:

Union Bank of India SO

Bank of Maharashtra (Forex Officer)