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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. When community development programme (CDP) started ?

  • 1952
  • 1953
  • 1954
  • 1955

Answer: Option A

2. National Housing Bank (NHB) was established in ?

  • 1988
  • 1989
  • 1990
  • 1991

Answer: Option A

Explanation:

Its main function is to develop housing finance in the country.

3. Contribution of agriculture to Gross National Product is approximately ?

  • 14%
  • 15%
  • 16.5%
  • 17.5%

Answer: Option D

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

  • 46%
  • 50%
  • 58%
  • 64%

Answer: Option C

5. How much population is living below poverty line in India ?

  • Approx 24%
  • Approx 25%
  • Approx 26%
  • Approx 27%

Answer: Option C

Read more from - Indian Economy Questions Answers
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