Topics

Consider the following statements regarding the Foreign Exchange Management Act (FEMA), 1999 :
1.Payments of foreign exchange to anyone outside the country or receipt of remittance from anyone outside is regulated by the Act;
2.Any resident India can remit up to US Dollar 200,000 per year to acquire real estate outside the country.
3.The deposits made into a Non-Resident External (NRE) Account is freely reparable
4.FEMA deals with money laundering and related Crimes.
Select the correct answer from the code given below:


A) 1, 2, 3 and 4

B) 1, 2 and 4 only

C) 2 and 3 only

D) 1, 2 and 3 only

Correct Answer:
D) 1, 2 and 3 only


Part of solved Economy questions and answers : >> General Knowledge >> Economy




Comments
No comments available




Similar Questions
1). According to the Census 2011, one state in India made tremendous progress in total literacy. However, it also accounted for the widest gap between female and male literacy. The state in question is
A). Chhattisgarh
B). Madhya Pradesh
C). Rajasthan
D). Bihar
-- View Answer
2). Which of the following is not one of the findings of the 2011 census?
A). Rates Of growth of population have fallen in the six most populous states;
B). Bihar topped among the major states in the matter of Population growth during the decade;
C). Uttar Pradesh is the most populous state in India;
D). The ratio of women to men (sex ratio) has further declined when compared to the Census 2001 figures.
-- View Answer
3). Government of India's Disinvestment Policy provides for 'strategic sale' of PSU shares. The new policy involves
A). sale with a change in management;
B). majority holding to be sold to a private party;
C). sale of only loss-making PSUs;
D). sale of share of defense PSUs.
-- View Answer
4). Which of the following is not true of the Regional Rural Banks (RRBs)?
A). They provide direct loans to small and marginal farmers;
B). They are co-sponsored by Reserve Bank of India;
C). They also perform other banking operations;
D). State Governments are share-holders in RRBs.
-- View Answer
5). Level playing field' argument of industries requires
A). MNCs to be stopped from investing in India
B). license for MNCs to be given only in environment-friendly technology
C). domestic industry to be given preference
D). domestic industry to be treated on par with MNCs.
-- View Answer


6). A company is said to be 'sick' when the accumulated loss at the end of any financial year leads to erosion of ........ .. percent of its net worth.
A). 1
B). 0.75
C). 0.5
D). 0.25
-- View Answer
7). Which of the following is not an internal factor for industrial sickness?
A). Mismanagement
B). Power shortage
C). Wrong dividend policy
D). Diversion of funds
-- View Answer
8). One of the disadvantages of the Wholesale Price Index in India is that
A). it does not cover the services sector;
B). it is not available for individual commodities;
C). it is available only on monthly basis;
D). it is available only at constant prices
-- View Answer
9). Which of the following point does not figure in the 10-year Action Plan formulated under the National Population Policy, 2000?
A). Greater involvement of members of self-help groups;
B). Free and compulsory elementary education;
C). Compulsory registration of marriages and pregnancy;
D). Special reward for men who adopt terminal family planning methods.
-- View Answer
10). In India the workers in the organized sector are only about....percent of the total work force.
A). 0.1
B). 0.07
C). 0.05
D). 0.01
-- View Answer
Home About Us Terms and Conditions Privacy Policy Contact us