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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