Question
Which of the following is a key function of the Reserve
Bank of India (RBI) under FEMA?Solution
• Under the Foreign Exchange Management Act (FEMA), 1999, one of the key functions of the Reserve Bank of India (RBI) is to grant general or special permissions for dealing in foreign exchange and foreign securities. • Section 3 of FEMA prohibits dealing in foreign exchange except through authorized persons or with the RBI’s general or special permission. • RBI regulates foreign exchange transactions in India, issues guidelines, monitors cross-border transactions, and enforces FEMA provisions.
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In which Indian state was the discovery of the new species of cicada, named "Butterfly Cicadas," made?
What percentage of UPI transaction volume is attributed to PhonePe, according to RBI analysis?
Who is the CMD of REC Ltd.?
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The International Monetary Fund (IMF) has agreed to provide how much financial assistance to Ukraine as part of a larger $15.6 billion lending programme?
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According to the data provided by the Reserve Bank of India, bank credit rose by 15 per cent year-on-year (YoY) in 2022-23 (FY23).What was the absolute ...
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