Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others PART
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One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary mandate of the Export-Import Bank of India (EXIM Bank)?
EXIM Bank's primary mandate is to finance, facilitate, and promote India's foreign trade and investment by providing export credit, guarantees, and development finance to Indian exporters and importers.
What is the full form of FEDAI?
Foreign Exchange Dealers Association of India
Under which Act was EXIM Bank of India established, and in which year?
EXIM Bank of India was established under the Export-Import Bank of India Act, 1981, and commenced operations on January 1, 1982.
Which authority grants licence to Authorised Dealers (AD Category I) under FEMA?
Reserve Bank of India grants AD Category I licence
What is the role of the Reserve Bank of India (RBI) as the apex regulator in foreign exchange transactions?
RBI administers and regulates all foreign exchange transactions in India under FEMA 1999, sets exchange control policies, and authorises dealers to deal in foreign exchange on behalf of the public.
What is the primary source of EXIM Bank's funds for lending?
Borrowings from domestic and international capital markets
What does FEMA stand for, and when did it replace FERA?
FEMA stands for Foreign Exchange Management Act, and it replaced the Foreign Exchange Regulation Act (FERA) 1973 with effect from June 1, 2000, shifting the emphasis from control to management of foreign exchange.
Under FEMA, who can hold a Foreign Currency Non-Resident (FCNR-B) account?
Non-Resident Indians and Persons of Indian Origin
Video classes for this chapter
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others PART
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others PART
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others PART
Role of EXIM bank , Reserve bank of India,Exchange control of India-FEMA and FEDAI and others PART
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