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      Question

      The Department of Economic Affairs amended which set of

      rules in 2024 to simplify cross-border share swaps and align them with Non-Resident Indian (NRI)-owned entities?
      A Foreign Trade Policy 2024 Correct Answer Incorrect Answer
      B Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      C Foreign Exchange Management (Non-debt Instruments) Rules, 2019 Correct Answer Incorrect Answer
      D Prevention of Money Laundering Act, 2002 Correct Answer Incorrect Answer
      E Companies Act, 2013 Correct Answer Incorrect Answer

      Solution

      The Department of Economic Affairs amended the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, as part of the Union Budget 2024-25 initiative.

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