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Broadly,the objectives of FEMA are: (i) To facilitate external trade and payments; and (ii) To promote the orderly development and maintenance of foreign exchange market. The Act has assigned an important role to the Reserve Bank of India (RBI) in the administration of FEMA.What are the requirements for FEMA?
General Job Requirements. To qualify for most FEMA positions, applicants must be U.S. citizens. They must also be able to pass a selection process that includes a thorough background investigation and a drug screening. According to the FEMA website, the agency seeks individuals who are motivated, creative, energetic, innovative and self-disciplined.