Multiple choice

“FERA” is a section under which an individual can be taken into custody for

  1. keeping undeclared foreign exchange

  2. violating forest prevention laws

  3. adulteration in food

  4. none of these
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A Correct answer
Explanation

FERA (Foreign Exchange Regulation Act) was legislation governing foreign exchange transactions in India. A key provision allowed authorities to take individuals into custody for keeping undeclared foreign exchange, as FERA aimed to prevent black money and regulate foreign currency holdings.

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