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hawala-in-india-is-prohibited-under-the-provision-of-which-of-the-following-acts
Question
Many times we read about ‘Hawala’ transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?
A
Financial Action Task Force Act
B
Fiscal Responsibility and Budget Management Act
C
Foreign Exchange Management Act
D
Banking Regulation Act
E
None of the above
View Answer
Answer & Explanation
Answer: Option [C]
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