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
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)