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What is the full form of "FEMA"? - Practice (Telugu) - ObjectiveMcq

HomePracticeAbbreviationsBasicsWhat is the full form of "FEMA"?...

Basics AbbreviationsHard

What is the full form of "FEMA"?

Correct Answer: C — Foreign Exchange Management Act

Explanation:

The Foreign Exchange Management Act (FEMA), 1999, is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India".

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