Loading practice questions
ObjectiveMcq
Print Protected
This page is protected for print. Use the website to view the content.
What is the full form of "FERA"?
Correct Answer: D — Foreign Exchange Regulation Act
Explanation:
The Foreign Exchange Regulation Act (FERA) was legislation passed in India in 1973 that imposed strict regulations on certain kinds of payments, the dealings in foreign exchange (forex) and securities and the transactions which had an indirect impact on the foreign exchange and the import and export of currency.