Exporting goods or services without a valid license

Importing goods or services without a valid license

Dealing in foreign exchange without a valid license

Holding foreign currency without a valid license

A fine of up to Rs. 5 lakh

Imprisonment for up to 5 years

Both a fine and imprisonment

None of the above

A fine of up to Rs. 5 lakh

Imprisonment for up to 5 years

Both a fine and imprisonment

None of the above

A fine of up to Rs. 5 lakh

Imprisonment for up to 5 years

Both a fine and imprisonment

None of the above

A fine of up to Rs. 5 lakh

Imprisonment for up to 5 years

Both a fine and imprisonment

None of the above

The Reserve Bank of India

The Directorate of Enforcement

The Central Board of Direct Taxes

All of the above

To regulate the flow of foreign exchange into and out of India

To prevent the misuse of foreign exchange

To promote the development of the Indian economy

All of the above

Any currency other than the Indian rupee

Any security denominated in a currency other than the Indian rupee

Any gold or silver

All of the above

Any currency other than the Indian rupee

Any security denominated in a currency other than the Indian rupee

Any gold or silver

None of the above

Any share, stock, bond, debenture, or other evidence of indebtedness

Any option, warrant, or other right to acquire or dispose of a security

Any unit of a collective investment scheme

All of the above

Any scheme or arrangement where the contributions of investors are pooled and invested in a variety of assets

Any scheme or arrangement where the contributions of investors are pooled and invested in a single asset

Any scheme or arrangement where the contributions of investors are pooled and invested in a variety of assets and the investors share in the profits and losses of the scheme

None of the above

Any person who deals in foreign exchange

Any person who holds a license to deal in foreign exchange

Any person who is authorized by the Reserve Bank of India to deal in foreign exchange

All of the above

Any person who is authorized by the Reserve Bank of India to deal in foreign exchange

Any person who holds a license to deal in foreign exchange

Any person who deals in foreign exchange

None of the above

Any person who is authorized by the Reserve Bank of India to deal in foreign exchange

Any person who holds a license to deal in foreign exchange

Any person who deals in foreign exchange

None of the above