Multiple choice

FERA stands for

  1. Foreign Export Revaluation Act

  2. Funds Exchange Resource Act

  3. Finance and Export Regulation Association

  4. Foreign Exchange Regulation Act

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

FERA stands for Foreign Exchange Regulation Act, which was enacted in 1973 to regulate foreign exchange transactions in India. Options A, B, and C are incorrect expansions that do not represent the actual legislation.