GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the full form Of FEMA
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Foreign Exchange Money Act
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Full Exchange money Agency
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Foreign Exchange Money Agency
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Foreign Exchange Management Act
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Explanation:
Detailed explanation-1: -FEMA stands for ‘ Foreign Exchange Management Act ‘, an official Act that consolidates and amends laws regulating foreign exchange in India. FEMA was enacted by the Parliament of India in the winter session of 1999 to replace the Foreign Exchange Regulation Act (FERA) of 1973.
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