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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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