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Start learning 50% faster. Sign in nowForeign Exchange Regulation Act was first introduced in 1947. This was later replaced by The Foreign Exchange Regulation Act (FERA),1973. FERA imposed stringent regulations on foreign exchange transactions. Its main objective was to conserve foreign exchange which was scarce during that period to prevent its misuse. In the light of economic liberalization and improving foreign reserves position, there was a demand for modification of FERA. Accordingly, a new act, Foreign Exchange Management Act (FEMA) 1999 replaced FERA. The Act comprises of 49 sections divided into 7 chapters.
If investment is not responding to change in interest rate, then which of the following is true?
If a government defaults on the value of its debt by 3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.
Which of the following is a property of a normal distribution?
For the following MA (3) process y t = μ + Ε t + θ 1 Ε t -1 + θ 2 Ε t -2 + θ 3 Ε t -3 , where σ t is a ze...
If rxy = 0.75, then correlation coefficient between u = 1.5X and v = 2Y is:
A labor-augmenting technological change has no effect upon the
At pointA, inflation is equal to the underlying rate of inflation and output is at the level of output consistent with the equilibrium unemployment rate...
According to Linder's Overlapping Demand Theory, what factor is crucial for international trade between similar countries?
If the Gross Domestic Product (GDP) at market prices is $1,000 billion, the indirect taxes are $200 billion, and subsidies are $50 billion, what is the ...
According to the graph on the right, the equilibrium price in the market before the tax is imposed is
