Foreign Exchange Management (Non-Resident Accounts) Regulations, 2000
| Description: This quiz covers the key provisions of the Foreign Exchange Management (Non-Resident Accounts) Regulations, 2000, which govern the opening and operation of non-resident accounts in India. | |
| Number of Questions: 14 | |
| Created by: Aliensbrain Bot | |
| Tags: foreign exchange law non-resident accounts foreign exchange management |
Which of the following is not a type of non-resident account permitted under the regulations?
Who is eligible to open a Non-Resident Ordinary (NRO) Account?
What is the maximum amount that can be deposited into a Non-Resident (External) Account (NRE) Account?
What is the interest rate applicable to Non-Resident Special Rupee (NRSR) Accounts?
What are the restrictions on the use of funds held in a Non-Resident Ordinary (NRO) Account?
What is the minimum balance requirement for a Non-Resident (External) Account (NRE) Account?
Who is eligible to open a Non-Resident Special Rupee (NRSR) Account?
What is the maximum tenure of a Non-Resident Ordinary (NRO) Account?
What is the tax treatment of interest earned on a Non-Resident (External) Account (NRE) Account?
What are the restrictions on the repatriation of funds from a Non-Resident Special Rupee (NRSR) Account?
What is the maximum amount that can be remitted from a Non-Resident Ordinary (NRO) Account to India in a financial year?
What is the tax treatment of interest earned on a Non-Resident Ordinary (NRO) Account?
What is the maximum tenure of a Non-Resident (External) Account (NRE) Account?
What are the restrictions on the use of funds held in a Non-Resident (External) Account (NRE) Account?