Many times we read about Hawala transactions in newspapers. Hawala, in India, is prohibited under the provision of which

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Q 1548101903.     Many times we read about Hawala transactions in newspapers. Hawala, in India, is prohibited under the provision of which of the following Acts?


A

Fiscal Responsibility and Budget Management Act

B

Banking Regulation Act

C

Financial Action Task Force Act

D

Foreign Exchange Management Act

E

None of the above

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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