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      Question

      In which year was the Foreign Exchange Management Act

      (FEMA) enacted to replace the Foreign Exchange Regulation Act (FERA)?
      A 1999 Correct Answer Incorrect Answer
      B 1998 Correct Answer Incorrect Answer
      C 2014 Correct Answer Incorrect Answer
      D 1992 Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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