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According to FEMA 2000, who can deal in foreign exchange in India?
  • a)
    Any individual or company
  • b)
    Only authorized persons under government terms
  • c)
    Only residents of India
  • d)
    Only foreigners visiting India
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
According to FEMA 2000, who can deal in foreign exchange in India?a)An...
According to section 3 of FEMA 2000, only authorized persons under government terms can deal in foreign exchange in India. This ensures that foreign exchange transactions are regulated and monitored by the government to maintain the stability of the market.
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According to FEMA 2000, who can deal in foreign exchange in India?a)Any individual or companyb)Only authorized persons under government termsc)Only residents of Indiad)Only foreigners visiting IndiaCorrect answer is option 'B'. Can you explain this answer?
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