Question
The ____ Oversees the Foreign Exchange Management Act, 1999.
The correct answer is
Reserve Bank of India
The correct answer is option 2. The Reserve Bank of India (RBI) is responsible for overseeing the Foreign Exchange Management Act (FEMA), 1999, which regulates foreign exchange transactions in India.
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Important Questions from External Sector
Which function is used to calculate the maximum value in a selected column in MS Excel?
In relation to the balance of payments, a __________ deals with foreign exchange reserves, investments, loans, and borrowings.
Which one of the following is an element of capital account in the Balance of Payments?
In 1991, under the external sector reforms, Indian rupee ______.
Credit multiplier is equal to:
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