Economics · Indian Economy
What is the primary objective of the Foreign Exchange Management Act (FEMA)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To increase employment generation in the manufacturing sector
- 2To regulate the domestic capital and stock markets
- 3To facilitate external trade and payments and promote orderly development of foreign exchange market✓
- 4To promote and regulate domestic trade
Correct answer
To facilitate external trade and payments and promote orderly development of foreign exchange market
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