What is the full form of "FERA"?
A. Federal Exchange Regulation Authority
B. Foreign Exchange Rate Axis
C. Foreign Exchange Regulation Act
D. Financial Exchange Ratio Analysis
Answer: Option C
Solution(By Examveda Team)
The Foreign Exchange Regulation Act (FERA) was legislation passed in India in 1973 that imposed strict regulations on certain kinds of payments, the dealings in foreign exchange (forex) and securities and the transactions which had an indirect impact on the foreign exchange and the import and export of currency.This Question Belongs to Abbreviations >> General Abbreviations
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