Match the items of List – I with List – II : Identify the correct combination : Codes : a b c dList – I List – II a. Industries Development Regulation Act i. 1947 b. Import and Export Control Act ii. 1948 c. Foreign Exchange Management Act iii. 1951 d. Factories Act iv. 1999
iii i iv ii
a. The Industries (Development and Regulation) Act was passed in 1951 to give effect to the Industrial Policy Resolution of 1948 through industrial licensing. So a matches iii (1951).
b. The Imports and Exports (Control) Act was passed in 1947 to regulate foreign trade after independence; it was later replaced by the Foreign Trade (Development and Regulation) Act, 1992. So b matches i (1947).
c. The Foreign Exchange Management Act was passed in 1999 (in force from 1 June 2000), replacing the stricter FERA of 1973 and shifting from control to management of foreign exchange. So c matches iv (1999).
d. The Factories Act, which regulates the health, safety and welfare of factory workers, was passed in 1948. So d matches ii (1948).
The correct code is a–iii, b–i, c–iv, d–ii.
Hence, iii i iv ii.
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