What is the full form of "FEMA"?
A. Financial Exchange Management Act
B. Foreign Exchange Management Act
C. Foreign Exchange Monetary Analyst
D. Financial Exchange Marketing Act
Answer: Option B
Solution (By Examveda Team)
The Foreign Exchange Management Act (FEMA), 1999, is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India".This Question Belongs to Abbreviations >> Finance Abbreviations
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