Reserve Bank of India administers -----------through commercial banks licensed by it as 6 authorized dealers in foreign exchange

Related MCQs

• Foreign Exchange Regulation Act was replaced with The Foreign Exchange Management Act in the Year
• An important feature of Export License under which certain goods can be imported only by designated agencies. For an example, an item like gold, in bulk, can be imported only by specified banks like SBI and some foreign banks or designated agencies.
• The Reserve Bank is expected to formulate standard operating procedure (SOP) for approval of FDI proposals by ministries following the government decision to phase out what board?
• Conservation of the foreign exchange resources is the main objective of
• Eligible exporters shall be issued rewards in the form of duty credit scrips based on the net foreign exchange earned
• Eligible exporters shall be issued rewards in the form of duty credit scrips based on the net foreign exchange earned
• "Services" include all the -------- tradable services covered under the General Agreement on Trade in Services where payments for such services are received in free foreign exchange
• -----------have now been authorized to issue licences for import of sports weapons by ‘renowned shooters’, on the basis of NOC from the Ministry of Sports & Youth Affairs
• Name the two schemes introduced under the new foreign trade policy? Merchandise Export from India Scheme & Services Export from India Scheme
• Consider the following statements about the Foreign Trade Policy 2015-20 unveiled on 1st Apr’15. A. This policy focuses on boosting exports and creating jobs while supporting the Centre’s Make In India and Digital India' programs. B. The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export. C. The policy is to move towards paperless working in 24x7 environments. D. The policy comes at a time when export growth contracted 15 percent in February 2014-15, reporting a negative growth for the third consecutive month.