Foreign Currency Accounts (FCY Accounts) are vital enablers of smooth cross-border trade for Indian exporters and businesses. Regulated by the Reserve Bank of India under FEMA, these accounts allow exporters to hold, manage, and utilise their foreign currency earnings effectively. For global investors, corporates, and bankers engaged with India, understanding FCY account types and their rules is key to managing trade transactions, foreign exchange exposures, and compliance. This quiz takes you through the essentials of FCY accounts in India, from basic concepts to specialised structures such as EEFC, RFC, and FCNR