Economics · Banking and Monetary Policy
The primary statutory provisions governing the framework and management of India's foreign exchange reserves are laid down in which Act?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Foreign Exchange Regulation Act, 1947
- 2Banking Regulation Act, 1949
- 3Reserve Bank of India Act, 1934✓
- 4Foreign Exchange Management Act, 1999
Correct answer
Reserve Bank of India Act, 1934
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