ibps-so 2025 · Question 271 of 271

According to the Foreign Exchange Management Act, 1999, an "Adjudicating Authority" is defined as:

AAny officer appointed by the Reserve Bank of India for hearing FEMA violations
BAn officer authorized under Section 16 of FEMA for holding inquiries into contraventionsCorrect
CA Special Director appointed only by the RBI for appeal purposes
DAny civil servant designated by Central Government for foreign exchange matters

Answer: B. An officer authorized under Section 16 of FEMA for holding inquiries into contraventions

Explanation

Section 2(a) explicitly defines "Adjudicating Authority" Source: Section 16(1) authorization Purpose: Holding inquiries into contraventions Appointed by: Central Government

Source: IBPS SO Law Officer Mains Memory Based 2025 - ixamBee · memory-based

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