Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business Concepts and elements of business environment Legal Environment
According to FEMA foreign exchange does not include which one of the following?
1
Deposit-payable in any foreign currency
2
Bills of exchange drawn in Indian currency but payable in any foreign currency
3
Travellers cheques drawn by institutions outside India but payable in Indian currency
4
Draft drawn by banks outside India and payable in foreign currency