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      Question

      RBI allowed international trade in rupees by drawing

      power from which of the following act?
      A Foreign Exchange Regulatory Act, 1973 Correct Answer Incorrect Answer
      B Foreign Exchange Management Act, 1999 Correct Answer Incorrect Answer
      C Securities and Exchange Board of India Act, 1992 Correct Answer Incorrect Answer
      D Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      E Reserve Bank of India Act, 1934 Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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