Question
The FEMA act replaced the erstwhile FERA Act. In which
year was FEMA Act passed?Solution
Foreign Exchange Regulation Act was first introduced in 1947. This was later replaced by The Foreign Exchange Regulation Act (FERA),1973. FERA imposed stringent regulations on foreign exchange transactions. Its main objective was to conserve foreign exchange which was scarce during that period to prevent its misuse. In the light of economic liberalization and improving foreign reserves position, there was a demand for modification of FERA. Accordingly, a new act, Foreign Exchange Management Act (FEMA) 1999 replaced FERA. The Act comprises of 49 sections divided into 7 chapters.
A) Stationary B) Spurious C) Authentic D) Festive
...Pick a word opposite in meaning to Lackadaisical .
The sad part of the agitation is that most of the leaders are only paying lip-service to the issue.
Select the most appropriate ANTONYM of the bold word.
The WHO issued a statement on Sunday morning that though the Omicron variant of coronavirus...
Poignant
The two parties signed a lengthy _________.
It took a lot of time in making both of them come to a comfortable mutual ___________.
Not man...
Ersatz
A) Catastrophe B) Plentiful C) Calamity D) Insanity
Choose the correct synonym of the word highlighted in each sentence from the alternatives given below it.
Prejudices prevail among the meanest of...
Atelier