Question

    Which of the following act is known as predecessor to Foreign Exchange Management Act (FEMA)?

    A Foreign Exchange Regulation Act Correct Answer Incorrect Answer
    B Foreign Exchange Restriction Act Correct Answer Incorrect Answer
    C Foreign Exchange Reservation Act Correct Answer Incorrect Answer
    D Foreign Exchange Investment Act Correct Answer Incorrect Answer

    Solution

    Foreign Exchange Regulation Act (FERA) of 1973 is known as the predecessor to FEMA.

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