Q. Which of the following Act (s) is/are passed during the period of Indira Gandhi?
1. The Benami Transactions (Prohibition) Act.
2. Maintenance of Internal Security Act (MISA).
3. Monopolies and Restrictive Trade Practices Act (MRTP).
Select the correct answer using the code given below:

[A] 1 only

[B] 1 and 2 only

[C] 2 and 3 only

[D] 1, 2 and 3

Answer: C

Important acts were passed during the period of Indira Gandhi. 

  • Maintenance of Internal Security Act, 1971 (MISA): A controversial law which gave the then Prime Minister Indira Gandhi and law enforcement gave absolute power to search and seize properties without a warrant, put individuals under preventive detention and use wiretapping. 
  • Monopolies and Restrictive Trade Practices Act, 1969 (MRTP): The objective of the Act was to restrict monopolistic trade activities and to maintain the economy of the country in balance. In short, the law was to make sure that the wealth of the country does not remain concentrated in the hands of the rich. 
  • Foreign Exchange Regulation Act, 1973 (FERA): What is now popularly known as FEMA, the Foreign Exchange Management Act, 1999 was called FERA back in 1973. The Act aimed to regulate foreign payments and investments and the conversion of foreign exchange. 
  • The Coal Mines (Nationalization) Act, 1973: Acquisition, transfer of right, title and interest of the owners of coal mines was covered under the law. 

Source: NCERT