Module: General Practice
Q81: Under Section 6(3) of FEMA 1999 (as amended), the Reserve Bank of India may prohibit, restrict, or regulate all of the following transactions EXCEPT:
✅ Correct Answer: C
Option C is NOT under RBI's direct regulatory power anymore; it is under the Central Government's NDI Rules.
Concept Definition: Equity shares are classified as Non-Debt Instruments.
Structural Breakdown: RBI Powers (Debt): Foreign securities (outbound), Borrowing/Lending (ECB), Deposits, Export/Import of currency.
Govt Powers (NDI): All investments in equity instruments (FDI), REITs, InvITs, and contribution to capital of LLPs.
Causal Reasoning: While RBI administers the operational side (reporting via FIRMS portal), the power to frame the Rules (limits, sectors, entry routes) for Option C resides with the Ministry of Finance.
Concept Definition: Equity shares are classified as Non-Debt Instruments.
Structural Breakdown: RBI Powers (Debt): Foreign securities (outbound), Borrowing/Lending (ECB), Deposits, Export/Import of currency.
Govt Powers (NDI): All investments in equity instruments (FDI), REITs, InvITs, and contribution to capital of LLPs.
Causal Reasoning: While RBI administers the operational side (reporting via FIRMS portal), the power to frame the Rules (limits, sectors, entry routes) for Option C resides with the Ministry of Finance.