IIBF Forex For Individuals Practice Questions - IIBF Certificate In Foreign Exchange Facilities For Individuals (India) Exam

A transaction that alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India. A transaction that alters the assets or liabilities in India of persons resident outside India. A transaction other than a capital account transaction, including payments due in connection with foreign trade, interest on loans, and moderate remittances for family maintenance. A transaction that exclusively involves buying gold or real estate outside India.