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Foreign Exchange Regulation Act 1973 (FERA) was enacted in September 1973 and it came in force from January 1, 1974. It was amended by the Foreign Exchange Regulation (Amendment) Act 1993 and later in 2000, was replaced by FEMA. FEMA became an act on the 1st day of June, 2000. FEMA was introduced because the FERA didn’t fit in with post-liberalisation policies. A significant change that the FEMA brought with it, was that it made all offenses regarding foreign exchange civil offenses, as opposed to criminal offenses as dictated by FERA. The Comparison FERA: Act promulgated, to regulate payments and foreign exchange in India. is FERA. It is a New Enactment with 81 sections. Introduced when Foreign exchange reserves were low. Has a rigid approach towards forex transactions. Violation is a criminal Offense. Punishment for contravention is imprisonment. Basis for determining residential status is based on Citizenship FEMA: An act initiated to facilitate external trade and payments and to promote orderly management of the forex market in the country. It is an Old Enactment with 49 sections. Introduced when Foreign exchange position was satisfactory. Has a flexible approach towards forex transactions. Violation is a civil Offense. Punishment for contravention is fine or imprisonment (if fine not paid in the stipulated time). Basis for determining residential status is more than 6 months stay in India.
Select the option that is related to the third letter-cluster in the same way as the second-letter is related to the first letter cluster.
ZEAL :...
Statements:
Only a few Rolex are Fastrack.
Only a few Rolex are Titan.
Only a few Timex are Fastrack.
Conclusions:
...In the following question, select the related word pair from the given alternatives.
France: French :: Germany: ?
In the given question, select the related letters from the given alternatives.
CHNS : EJMH : : TOPW : VQKD : : URGQ : ?
Based on the numerical analogy given, choose the correct answer from the options given below:
16:56 32:?
Statements:
X < W ≤ F = Q ≥ P = T ≥O ≥ S = R
Conclusions:
I) Q > R
I) Q = R
In this question, two statements I and II have been given. These statements may be independent causes or effects of independent causes or a common caus...
In the following question, select the related word from the given alternatives.
Cold: Ice :: Hot: [?]
Select the option that is related to the third letter-cluster in the same way as second letter-cluster is related to the first letter cluster.
PL...