Which one of the following transactions can be carried on without...

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Examveda

Which one of the following transactions can be carried on without any restriction or regulation of the RBI under the FEMA?

A. Transfer for issue of any foreign security by a person resident in India

B. Transfer or issue of any foreign security by a person resident in India

C. Drawal of foreign exchange for payments due on account of amortisation of loans or for depreciation of direct investment

D. Export, import or holding of currency notes

Answer: Option C

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