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Discussion

AMCs are entities, authorised by the RBI under ______  of the Foreign Exchange Management Act, 1999.

  • A.Section 10
  • B.Section 12
  • C.Section 16
  • D.Section 14

Answer: A

Authorised Money Changers (AMCs) are entities, authorised by the Reserve Bank under Section 10 of the Foreign Exchange Management Act, 1999.

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