In which of the following year was the Foreign Exchange Management Act enacted? |ForumIAS

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Q. In which of the following year was the Foreign Exchange Management Act enacted?

[A] 1992

[B] 1997

[C] 1999

[D] 2001

Answer: C

Notes:

Explanation: Foreign Exchange Management Act, 1999: Government has passed FEMA, 1999, that regulates all financial transactions concerning foreign securities or exchange.

Source: Ramesh Singh

Q. In which of the following year was the Foreign Exchange Management Act enacted?

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