Q. From time to time, which among the following body publishes the “Exchange Control Manual” in context with the Foreign Exchange in India?
Answer: Reserve Bank of India
Notes: The correct answer is the Reserve Bank of India (RBI). The RBI is responsible for regulating foreign exchange in India under the Foreign Exchange Management Act (FEMA) of 1999. The "Exchange Control Manual" provides guidelines for foreign exchange transactions and is crucial for maintaining the stability of the Indian economy. The RBI also plays a key role in managing the country's foreign exchange reserves and ensuring compliance with international financial regulations.