Q3/2023/DEC/EBCL TOTAL 100 Marks

Answer the following (Long Questions) 20 X 5 Marks = 100 Marks

1. Briefly explain the functions of the Reserve Bank of India.

2. What is meant by instruments of Monetary Policy and briefly explain any two of
them.
3. Explain the meetings of the Monetary Policy Committee.
4. Explain the statement “Reserve Bank as Banker to Banks”.
5. Give brief overview of the Foreign Exchange Management Act, 1999.
6. Schedule I to the Rules of Foreign Exchange Management Act, 1999 enumerates
the situations in which the drawal of foreign exchange is prohibited, lists out
those activities.
7. What do you mean by Liberalised Remittance Scheme ? Upto what limit an
authorised dealer may release foreign exchange for business trip and medical
treatment abroad, under Liberalised Remittance Scheme.
8. What are the permissible sources for the funding of Overseas Direct Investment ?
9. Write short notes on the following:
(i) Compounding of Contraventions
(ii) Current Account Transactions
(iii) Investigation
10. Discuss the Acquisition and Transfer of Immovable Property outside India under
FEMA?
11. Discuss the establishment of branch or office or place of business in India under
FEMA.
12. How does the FCRA, 2010 seeks to regulate the receipt of foreign contribution
and foreign hospitality?
13. Discuss the provisions of FCRA relevant to exemptions from acceptance of foreign
contribution.
14. Discuss the powers of Central Government under FCRA to prohibit receipt of
foreign contribution.
15. Define Foreign Direct Investment.
16. List out the sectors/activities where Foreign Direct Investment is permitted.
17. List out the sectors/activities where Foreign Direct Investment is prohibited.
18. Discuss conditions of Foreign Direct Investment in E-Commerce activities.
19. Write short notes on: (i) the Automatic Route (ii) Government Route.
20. Discuss the permission for purchase and sale of debt instruments by a person
resident outside India.