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    Question

    What are not included in Indian currency as per the FEMA

    Act, 1999?
    A Special bank notes Correct Answer Incorrect Answer
    B Special one-rupee notes Correct Answer Incorrect Answer
    C Currency expressed or drawn in Indian rupees Correct Answer Incorrect Answer
    D Both (a) & (b) Correct Answer Incorrect Answer
    E Both b & c Correct Answer Incorrect Answer

    Solution

    Section 2 (q) Indian currency means currency which is expressed or drawn in Indian rupees but does not include special bank notes and special one-rupee notes issued under section 28A of the Reserve Bank of India Act, 1934

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