Economics · Economic Reforms
Which Act replaced the Foreign Exchange Regulation Act (FERA) in 1999 to facilitate external trade and payments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Banking Regulation Act
- 2Foreign Exchange Management Act✓
- 3Securities and Exchange Board of India Act
- 4Monopolies and Restrictive Trade Practices Act
Correct answer
Foreign Exchange Management Act
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