Foreign Exchange Regulation Act was replaced with The Foreign Exchange Management Act in the year.
A. 1973
B. 1994
C. 1999
D. 1995
Answer: Option A
Solution(By Examveda Team)
Foreign Exchange Regulation Act was replaced with The Foreign Exchange Management Act in the year 1973 and it came in force from January 1, 1974. It was amended by the Foreign Exchange Regulation (Amendment) Act 1993 and later in 2000, was replaced by FEMA.This Question Belongs to Management >> International Finance And Treasury
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