Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q91: Regarding the Appeal Mechanism under FEMA (Section 17 & 19), which statement is TRUE?

A
An appeal against the order of the Adjudicating Authority (ED) lies directly to the Supreme Court.
B
An appeal against the order of the Adjudicating Authority lies to the Special Director (Appeals) or the Appellate Tribunal, depending on the designation of the officer.
C
No appeal is permitted against an order imposing a penalty; the order is final.
D
The RBI Governor hears all appeals against ED orders.
✅ Correct Answer: B
Option B is the correct hierarchy.
Concept Definition: The Appellate Ladder.
Structural Breakdown: Assistant/Deputy Director Orders: Appeal to Special Director (Appeals). Special/Additional Director Orders: Appeal to Appellate Tribunal (SAFEMA). Tribunal Orders: Appeal to High Court.