Multiple Choice Questions on Foreign Exchange Management Act FEMA was passed in ........ for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

Foreign Exchange Management Act FEMA was passed in ........

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    Foreign Exchange Management Act(FEMA) was passed in:

    1998

    Incorrect Answer

    1997

    Incorrect Answer

    1999

    Correct Answer

    1996

    Incorrect Answer
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    Explanation:

    The Foreign Exchange Management Act, 1999 is an Act of the Parliament of India "to consolidate and change the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India".

    By: Vishal
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