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What is FEMA ?

  • First Exchange Management Act
  • Foreign Exchequer Management Act
  • Foreign Exchange Management Act
  • Foreign Evaluation Management Act

Answer: Option C

Explanation:

FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

Similar Questions :

1. Approx __ % of Indian population is still Agriculturist.

  • 46%
  • 50%
  • 58%
  • 64%

Answer: Option C

2. Industrial Development Bank of India (IDBI) established in

  • 1964
  • 1965
  • 1966
  • 1967

Answer: Option A

3. Deficit financing means that the government borrows money from the ?

  • Revenue Department
  • World Bank
  • RBI
  • None of above

Answer: Option C

4. Which Indian got Nobel Prize for Economics ?

  • Teressa
  • Amarthiya Sen
  • C.V.Raman
  • None of above

Answer: Option B

5. India stands first in production of pulses ?

  • True
  • False

Answer: Option A

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