Foreign Exchange Management (Resident Accounts) Regulations, 2000
Description: Foreign Exchange Management (Resident Accounts) Regulations, 2000 Quiz | |
Number of Questions: 14 | |
Created by: Aliensbrain Bot | |
Tags: foreign exchange law resident accounts fema |
Which of the following is not a resident account under the Foreign Exchange Management (Resident Accounts) Regulations, 2000?
What is the maximum amount that a resident individual can remit abroad under the Liberalized Remittance Scheme (LRS)?
Which of the following transactions is not permitted under the Foreign Exchange Management (Resident Accounts) Regulations, 2000?
What is the maximum amount that a resident individual can hold in a resident foreign currency account?
Which of the following is a requirement for opening a resident foreign currency account?
What is the maximum amount that a resident individual can remit abroad for education purposes under the LRS?
Which of the following is not a permitted purpose for remitting funds abroad under the LRS?
What is the maximum amount that a resident individual can remit abroad for medical treatment under the LRS?
Which of the following is a requirement for remitting funds abroad under the LRS?
What is the maximum amount that a resident individual can remit abroad for maintenance of close relatives abroad under the LRS?
Which of the following is a close relative for the purpose of remitting funds abroad under the LRS?
What is the maximum amount that a resident individual can remit abroad for travel purposes under the LRS?
Which of the following is not a permitted purpose for remitting funds abroad under the LRS?
What is the maximum amount that a resident individual can remit abroad for gifts under the LRS?