What are the key features of the Foreign Exchange Management Act (FEMA)? A. Regulation of agricultural practices B. Monitoring of environmental conservation C. Regulation and management of foreign exchange D. Promotion of tax evasion
Question
What are the key features of the Foreign Exchange Management Act (FEMA)? A. Regulation of agricultural practices B. Monitoring of environmental conservation C. Regulation and management of foreign exchange D. Promotion of tax evasion
Solution 1
The key features of the Foreign Exchange Management Act (FEMA) are:
C. Regulation and management of foreign exchange
This act was introduced by the Indian government in 1999 to regulate and manage the foreign exchange in the country. It replaced the previous Foreign Exchange Regulation Act (FERA). The main objective of FEMA is to facilitate external trade and payments, promote the orderly development and maintenance of the foreign exchange market in India, and also to
Solution 2
The key features of the Foreign Exchange Management Act (FEMA) are:
C. Regulation and management of foreign exchange
This act was
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