List any seven permissible classes of Capital account transactions that a person resident in India can undertake, under the Foreign Exchange…

(a) The list of permissible classes of transactions made by persons resident in India is: (a) Investment by a person resident in India in foreign securities. (b) Foreign currency loans raised in India and abroad by a person resident in India. (c) Transfer of immovable property outside India by a person resident in India. (d) Guarantees issued by a person resident in India in favour of a person resident outside India. (e) Export, import and holding of currency/currency notes. (f) Loans and overdrafts (borrowings) by a person resident in India from a person resident outside India. (g) Maintenance of foreign currency accounts in India and outside India by a person resident in India. (h) Taking out of insurance policy by a person resident in India from an insurance company outside India. (i) Loans and overdrafts by a person resident in India to a person resident outside India. (j) Remittance outside India of capital assets of a person resident in India. (k) Undertake derivative contracts.