General Awareness · Banking Financial Awareness

Regulatory Thresholds and Caps in India

778 Questions

Regulatory Thresholds and Caps in India refer to the statutory limits imposed on finance, taxation, and corporate governance. It covers sectoral caps, expenditure limits, and penalty thresholds defined by law. These questions are crucial for banking, accounting, and civil services exams.

Financial limitsTax deductionsCorporate regulationsElectoral thresholdsPenalties and fines

Regulatory Thresholds and Caps in India Questions

Multiple choice

What is the maximum investment limit under the Pradhan Mantri Vaya Vandana Yojana?

  1. ₹1 lakh

  2. ₹5 lakh

  3. ₹10 lakh

  4. ₹15 lakh
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The maximum investment limit under the Pradhan Mantri Vaya Vandana Yojana is ₹15 lakh.

Multiple choice

What is the maximum amount of foreign exchange that a resident individual can remit abroad without prior approval?

  1. $250,000
  2. $500,000
  3. $750,000
  4. $1,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a resident individual can remit abroad without prior approval is $250,000.

Multiple choice

What is the maximum amount of foreign exchange that a non-resident individual can remit abroad without prior approval?

  1. $1,000,000
  2. $2,000,000
  3. $3,000,000
  4. $4,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a non-resident individual can remit abroad without prior approval is $1,000,000.

Multiple choice

What is the maximum amount of foreign exchange that a company can remit abroad without prior approval?

  1. $5,000,000
  2. $10,000,000
  3. $15,000,000
  4. $20,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a company can remit abroad without prior approval is $5,000,000.

Multiple choice

What is the maximum amount of foreign exchange that a partnership firm can remit abroad without prior approval?

  1. $2,500,000
  2. $5,000,000
  3. $7,500,000
  4. $10,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a partnership firm can remit abroad without prior approval is $2,500,000.

Multiple choice

What is the maximum amount of foreign exchange that a trust can remit abroad without prior approval?

  1. $1,000,000
  2. $2,000,000
  3. $3,000,000
  4. $4,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a trust can remit abroad without prior approval is $1,000,000.

Multiple choice

What is the maximum amount of foreign exchange that a society can remit abroad without prior approval?

  1. $500,000
  2. $1,000,000
  3. $1,500,000
  4. $2,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a society can remit abroad without prior approval is $500,000.

Multiple choice

What is the maximum amount of foreign exchange that a cooperative society can remit abroad without prior approval?

  1. $250,000
  2. $500,000
  3. $750,000
  4. $1,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a cooperative society can remit abroad without prior approval is $250,000.

Multiple choice

What is the maximum amount of foreign exchange that a local authority can remit abroad without prior approval?

  1. $1,000,000
  2. $2,000,000
  3. $3,000,000
  4. $4,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a local authority can remit abroad without prior approval is $1,000,000.

Multiple choice

What is the maximum amount of foreign exchange that a public sector undertaking can remit abroad without prior approval?

  1. $5,000,000
  2. $10,000,000
  3. $15,000,000
  4. $20,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a public sector undertaking can remit abroad without prior approval is $5,000,000.

Multiple choice

What is the maximum amount of foreign exchange that a private sector undertaking can remit abroad without prior approval?

  1. $2,500,000
  2. $5,000,000
  3. $7,500,000
  4. $10,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a private sector undertaking can remit abroad without prior approval is $2,500,000.

Multiple choice

What is the maximum amount of foreign exchange that a non-profit organization can remit abroad without prior approval?

  1. $1,000,000
  2. $2,000,000
  3. $3,000,000
  4. $4,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a non-profit organization can remit abroad without prior approval is $1,000,000.

Multiple choice

What is the maximum amount of foreign exchange that a foreign national can remit abroad without prior approval?

  1. $1,000,000
  2. $2,000,000
  3. $3,000,000
  4. $4,000,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The maximum amount of foreign exchange that a foreign national can remit abroad without prior approval is $1,000,000.

Multiple choice

What is the maximum amount of scholarship that can be availed under the Pradhan Mantri Minority Scholarship Scheme?

  1. Rs. 10,000 per year

  2. Rs. 20,000 per year

  3. Rs. 30,000 per year

  4. Rs. 40,000 per year
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The maximum amount of scholarship that can be availed under the Pradhan Mantri Minority Scholarship Scheme is Rs. 30,000 per year.

Multiple choice

What is the minimum paid-up capital required for a bank to be registered under the Banking Regulation Act, 1949?

  1. ₹5 lakh

  2. ₹10 lakh

  3. ₹15 lakh

  4. ₹20 lakh
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The minimum paid-up capital required for a bank to be registered under the Banking Regulation Act, 1949 is ₹5 lakh.