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    Question

    The Foreign Exchange Management Act,_________ , 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".
    A 1991 Correct Answer Incorrect Answer
    B 1993 Correct Answer Incorrect Answer
    C 1997 Correct Answer Incorrect Answer
    D 1999 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

     The Foreign Exchange Management Act, 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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