Question

Which of the following is a key function of the Reserve Bank of India (RB

  • I under FEMA? 
A Setting the exchange rate of the Indian Rupee exclusively.
B Issuing rules and regulations that entirely replace the original Act.
C Providing general or special permissions for dealing in foreign exchange.
D Acting as the sole auditor for all foreign currency accounts.
E Imposing penalties on individuals for foreign exchange violations without any prior authority.
Practice Next

Hey! Ask a query