WorksheetsFEMA
Total questions: 10
Worksheet time: 5mins
FEMA came into force on _____________
1st June 2005
1st July 2000
1st June 1999
1st June 2000
FERA is a ___________law
civil law
criminal law
english law
none of these
Main objective of FEMA is to___________
restrict foreign exchange
facilitate and manage foreign exchange
make India a closed economy
Rahul is a PRI and does buying and selling of land in UK,such transactions are done through_____
current account
capital account
demat account
Laws related to foreign exchange is made by___________
RBI
central government
Directorate of Enforcement
all of the above
Is FEMA applicable to offices outside India which is owned by PRI?
Yes
No
may be
Who are authorized person as per RBI to deal with foreign exchange?
An Authorized dealer
Money changer
offshore banking unit
all of the above
Remittance for living expenses of parents,spouse and children abroad is done through________
Current Account
Capital Account
Demat account
If the Amount is not quantifiable , penalty upto Rs ______ can be imposed
3 lacs
2 lacs
5 lacs
1 lac
A person who stayed in India for more than 182 days in the previous financial year and moved to Canada for job. He is called as_____
PRI
PROI
NRI
none of these
