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    Question

    What is the new penalty cap set by RBI for FEMA

    violations?
    A ₹50,000 Correct Answer Incorrect Answer
    B ₹1 lakh Correct Answer Incorrect Answer
    C ₹2 lakh Correct Answer Incorrect Answer
    D ₹3 lakh Correct Answer Incorrect Answer
    E ₹5 lakh Correct Answer Incorrect Answer

    Solution

    RBI has capped penalties for FEMA violations at ₹2 lakh to simplify compliance and encourage foreign investments.

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