FERA, replaced by FEMA, was enacted in: MCQ with Answer and Explanation

Question

Share Report Error

FERA, replaced by FEMA, was enacted in:

A. 1991

B. 1980

C. 1973

D. 1947

Answer: Option C

Solution (By JKSSB Mock Tests)

FERA was enacted in 1973 and replaced by FEMA in 1999.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Planning Commission' was set up in 1950 by a resolution of the:

A. President

B. Parliament

C. Government of India

D. Supreme Court

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Planning Commission was established by a Cabinet resolution in March 1950.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Comptroller and Auditor General of India' is appointed under which article?

A. Article 150

B. Article 324

C. Article 280

D. Article 148

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The CAG is appointed under Article 148.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Public Financial Management System' is used for:

A. foreign exchange trading

B. stock trading

C. bank lending

D. digital management of government expenditures and payments

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
PFMS is a digital platform for government expenditure and payment management.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs