Home › RBI Grade B › Banking Awareness › RBI Basics › The Foreign Exchange Management Act, managed by …
The Foreign Exchange Management Act, managed by RBI, is of the year:
A2005
B1999
C1973
D1949
Answer & Solution
Correct answer: B. 1999
1. FEMA replaced the older foreign exchange law.
2. RBI manages it to facilitate external trade.
3. FEMA is of 1999.
_Source: Reserve Bank of India, About Us (rbi.org.in)._
Related questions
Which training institute is part of the Reserve Bank?Under 'Banker to banks', RBI maintains banking accounts of all:Coins are minted by the Government of India and put into circulation by:The Deposit Insurance and Credit Guarantee Corporation Act was passed in:The NABARD Act is of the year:The Regional Rural Banks Act was passed in:The Credit Information Companies (Regulation) Act was passed in:The Payment and Settlement Systems Act administered by RBI was passed in: