Economics · Foreign Trade and FEMA
What is the core philosophy and objective of the Foreign Exchange Management Act (FEMA), 1999?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Centralization of foreign exchange reserves
- 2Conservation of foreign exchange through strict regulation
- 3Facilitating external trade and promoting orderly development of foreign exchange market✓
- 4Complete prohibition of capital account transactions
Correct answer
Facilitating external trade and promoting orderly development of foreign exchange market
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