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      Question

      What does the term currency include as per the

      definition given under FEMA?┬а
      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) тАЬcurrencyтАЭ includes all currency notes, postal┬а 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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