Economics · Foreign Exchange Management

Which institution has the authority to license and select Authorized Dealers for foreign exchange transactions in India?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Ministry of Finance
2Foreign Exchange Department of State Governments
3Reserve Bank of India✓
4Cooperative Banks

Correct answer

Reserve Bank of India

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Which institution has the authority to license and select Authorized Dealers for foreign exchange transactions in India?

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Which institution has the authority to license and select Authorized Dealers for foreign exchange transactions in India?

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