Question
 According to the FEMA any person may sell or draw
foreign exchange to or from an authorised person if such sale or drawl is a ______________________Solution
Section 5. Current account transactions—Any person may sell or draw foreign exchange to or from an authorised person if such sale or drawl is a current account transaction: Provided that the Central Government may, in public interest and in consultation with the Reserve Bank, impose such reasonable restrictions for current account transactions as may be prescribed.
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What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?Â
The difference between the simple and compound interest compounded annually of a sum at 12% p.a. for 2 years is Rs. 180. Find the sum.
