Question

What do you mean by exchange control? Describe the broad objectives of exchange control.

12 Sep 2025
Answer :
Word Count : 470
Exchange control refers to the set of legal and administrative measures implemented by a government to regulate the inflow and outflow of foreign currency and foreign exchange transactions. It is primarily aimed at maintaining stability in the country's foreign exchange market, conserving foreign currency reserves, and controlling international payments and receipts. Exchange control can take the form of restrictions on the buying and selling of foreign currency, limits on foreign investment, regulations on import and export payments, and ____ _______ ____ __________ ______ __________ ____ ______ __________ ___ ____ __________.
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