🎴 Flashcard Mode

The Foreign Exchange Management Act, 1999

Card1 / 15
Mastered0
Review0
QuestionClick to flip

What is the primary objective of the Foreign Exchange Management Act, 1999?

AnswerClick to flip back
A
To regulate foreign exchange transactions
💡 Explanation:

The Foreign Exchange Management Act, 1999 was enacted to regulate foreign exchange transactions in India and to ensure the orderly development and maintenance of the foreign exchange market in the country.

Change Mode