Multiple choice

When foreign exchange is brought to India and sold to an authorized person, as per FEMA 1999, it is called

  1. Repatriation

  2. Repatriation from India

  3. Repatriation to India

  4. Expatriation

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

“Repatriation to India” means bringing into India the realised foreign exchange and the selling of such foreign exchange to an authorised person in India in exchange for rupees, or the holding of realised amount in an account with an authorised person in India to the extent notified by the Reserve Bank. Thus, option 3 is correct.