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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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