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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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