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Which of the following capital controls are allowed in India
1. Permission to Indian citizens to maintain foreign currency deposits out of foreign exchange earned/retained from travel expenses.
2. Permission to corporates, which have set up their branches and offices abroad, to acquire immovable property overseas for their business/staff residential purposes.
3. Apart from companies, individuals are also permitted to invest abroad in companies which are listed on overseas stock exchanges,
4. Full convertibility of deposit schemes for NRIs
Choose your answer from the codes given below:
Only one statement is correct
Only two statements are correct
Only three statements are correct
All statements are correct
4th statement is incorrect i.e. Full convertibility of deposit schemes for NRIs
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