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    Question

    The Foreign Exchange Management (Non-debt Instruments)

    Rules, 2019 were amended to simplify which of the following processes?
    A Foreign Exchange Regulation Correct Answer Incorrect Answer
    B Cross-border Share Swaps Correct Answer Incorrect Answer
    C Import of Gold Correct Answer Incorrect Answer
    D Export Duties Correct Answer Incorrect Answer
    E Interest Rate Revisions Correct Answer Incorrect Answer

    Solution

    The amendments were made to simplify cross-border share swaps, allowing Indian companies to issue or transfer equity instruments in exchange for foreign company equity.

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