As per FEMA, no person, other than ________ would enter in any transactions of the foreign currency.

Related MCQs

• When a company has receipts & payments in the same foreign currency due at the same time, it can use technique of managing foreign exchange risk.
• RBI has granted license to certain established firms, hotels and other organizations permitting them to deal in foreign currency notes, coins and travelers’ cheques. They are termed as ___________
• __________ also relates to international assets and liabilities for such transactions which the country’s monetary authorities use to such transactions which the country’s monetary authorities use to settle the deficits and surpluses.
• Price of _________-- currency in terms of national currency.
• _________ records all international transactions that involve creation of assets and liabilities in foreign currencies.
• An account which is held within a domestic country by a foreign bank, in a currency of domestic country is known as account
• Foreign currency forward market is                        
•                    bond is issued in a local market by a foreign borrower, denominated in local currency
• An account which is held within a domestic country by a foreign bank, in the currency of domestic country _________________
• Foreign currency forward market is ___________