Consider the following statements : 1. Non Resident Indians (NRIs) can not maintain both Rupee and foreign currency accounts in India. 2. The National Commission for Women has recommended that registration of marriages of NRIs be made mandatory. Which of

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Q: 62 (CAPF/2010)
Consider the following statements :
1. Non Resident Indians (NRIs) can not maintain both Rupee and foreign currency accounts in India.
2. The National Commission for Women has recommended that registration of marriages of NRIs be made mandatory.
Which of the statements given above is/ are correct ?

question_subject: 

Economics

question_exam: 

CAPF

stats: 

0,21,37,9,21,23,5

keywords: 

{'non resident indians': [0, 0, 1, 0], 'marriages': [1, 0, 0, 0], 'foreign currency accounts': [0, 0, 1, 0], 'registration': [1, 0, 3, 3], 'nris': [0, 0, 1, 1], 'rupee': [1, 0, 1, 0], 'national commission': [0, 0, 1, 5], 'india': [8, 1, 7, 13]}

The correct answer is option 2, which states that statement 2 is correct. Let`s analyze each statement to understand why this is the correct answer:

Statement 1: Non-Resident Indians (NRIs) can not maintain both Rupee and foreign currency accounts in India.

This statement is incorrect. NRIs are allowed to maintain both Rupee and foreign currency accounts in India. The Reserve Bank of India (RBI) has issued guidelines that permit NRIs to hold and operate these accounts with authorized banks in India. NRIs can hold Non-Resident Ordinary (NRO) accounts in Indian Rupees and Non-Resident External (NRE) accounts in foreign currency.

Statement 2: The National Commission for Women has recommended that registration of marriages of NRIs be made mandatory.

This statement is correct. The National Commission for Women in India has indeed recommended that the registration of marriages of NRIs be made mandatory. This is to address issues such as abandonment, domestic violence, and abandonment faced by women who have married NRIs. The registration of marriages would provide legal protection to these women and help them in case of any disputes or problems in their marital relationships.

In summary, statement 1 is incorrect, while statement 2 is correct. So, option