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    Question

    What does the term currency include as per the

    definition given under FEMA?Ā 
    A Postal notes Correct Answer Incorrect Answer
    B Money orders Correct Answer Incorrect Answer
    C Currency notes Correct Answer Incorrect Answer
    D All A, B & C Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (h) ā€œcurrencyā€ includes all currency notes, postalĀ  notes, postal orders, money orders, cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank.

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