Forex Banking MCQ Set 2

QN1. Foreign exchange transactions involve monetary transactionsA. among residents of the same countryB. between residents of two countries onlyC. between residents of two or more countriesD. among residents of at least three countries AnswerAnswer: B QN2. Under FEMA, the RBI has been authorised to make —— to carry out the provisions of the Act.A. rulesB….

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