In 1999, FEMA replaced a previous reform policy. Which one was it?

Foreign investment Management Act

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Fixed Exchange Rate Act

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Foreign Exchange Regulation Act

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Floating Exchange System

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Solution

The correct option is C
Foreign Exchange Regulation Act

FEMA replaced FERA.

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In 1999, FEMA replaced a previous reform policy. Which one was it?

The correct option is C Foreign Exchange Regulation Act FEMA replaced FERA.

The correct option is C
Foreign Exchange Regulation Act

FEMA replaced FERA.