In India FERA has been replaced by?
A. FEMA
B. FETA
C. FENA
D. FELA
Answer: Option A
Solution(By Examveda Team)
FERA was repealed in 1998 by the government of Atal Bihari Vajpayee and replaced by the Foreign Exchange Management Act (FEMA), which liberalised foreign exchange controls and restrictions on foreign investment.This Question Belongs to Abbreviations >> General Abbreviations
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