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    • Question

      What is the 'EEFC'

      account? 
      A External Entities Foreign Currency Correct Answer Incorrect Answer
      B Exchange Earners’ Foreign Currency Correct Answer Incorrect Answer
      C Export Earners’ Fixed Credit Correct Answer Incorrect Answer
      D Essential Exchange for Foreign Companies Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      It allows exchange earners (exporters) to retain a portion of their foreign exchange earnings in a foreign currency account with a bank in India.

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