Economics · External Sector and Foreign Exchange Management
Under India's Foreign Exchange Management Act (FEMA), which of the following specific transactions are classified under 'current account transactions'? A. Overseas Direct Investment (ODI) from India B. Payments due as interest on loans and as net income from investments C. Remittances for living expenses of parents, spouse, and children residing abroad D. Borrowing or lending in foreign exchange and in Indian rupees Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1A and D only
- 2A and B only
- 3B and C only✓
- 4D only
Correct answer
B and C only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice External Sector and Foreign Exchange Management MCQs →Want more practice questions on External Sector and Foreign Exchange Management?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · External Sector and Foreign Exchange Management