Banking · Foreign Exchange Management
When was the exchange control introduced in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1September 3, 1939, under the Defence of India Rules✓
- 2January 26, 1950, under the Constitution of India
- 3August 15, 1947, with the independence of India
- 4December 25, 1947, with the enactment of FERA
Correct answer
September 3, 1939, under the Defence of India Rules
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