Multiple choice

What is the full form of FEMA?

  1. Federal Exchange Management Act

  2. Foreign Exchange Management Act

  3. Financial Exchange Management Act

  4. Financial Exchange and Monetary Act
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange".

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