FERA in India has been replaced by ________.

FEPA

No worries! We‘ve got your back. Try BYJU‘S free classes today!

FEMA

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

FENA

No worries! We‘ve got your back. Try BYJU‘S free classes today!

FETA

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B FEMA
Foreign Exchange Regulation Act (FERA) was replaced by the Foreign Exchange Management Act (FEMA), 1999 which came in to effect from 1 $^{s t}$ June, 2000 in India.

Suggest Corrections

Similar questions

The significant change in the new FEMA which has replaced FERA is that the emphasis from imprisonment will be shifted to:

α

Join BYJU'S Learning Program