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What can RBI do regarding capital account transactions under FEMA?
  • a)
    Restrict the transfer of foreign securities by Indian residents
  • b)
    Restrict the transfer of immovable property
  • c)
    Fix the limit of foreign exchange transactions relating to the capital account
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What can RBI do regarding capital account transactions under FEMA?a)Re...
RBI has the authority to restrict various capital account transactions under FEMA. This includes the transfer of foreign securities by Indian residents, the transfer of foreign securities by Indian residents that are now outside India, and the transfer of immovable property. RBI sets the limits and regulations for these transactions after discussions with the Indian government.
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What can RBI do regarding capital account transactions under FEMA?a)Restrict the transfer of foreign securities by Indian residentsb)Restrict the transfer of immovable propertyc)Fix the limit of foreign exchange transactions relating to the capital accountd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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