What is FEMA?

Asked in westbengal/WBCS Main 2019 Paper 5 2019 · Topic: Foreign Exchange Market and Exchange Rate Determination (India's Exchange Rate Policy and Management of Foreign Exchange Reserves)

1. First Exchange Management Act
2. Foreign Exchange Management Act
3. Foreign Exchequer Management Act
4. Foreign Evaluation Management Act

More External Sector of Economy questions

• What are the recent trends in the global economy which has led to RBI 'sell buy' swap of USD/INR (a) Financial markets worldwide facing intense selling pressures due to the spread of Covid-19 infections. (b) Slump in International crude prices. (c) Emerging market currencies experiencing upward pressure.
• With reference to the Indian economy, consider the following statements: If the inflation is too high, Reserve Bank of India (RBI) is likely to buy government securities. If the rupee is rapidly depreciating, RBI is likely to sell dollars in the market. If interest rates in the USA or European Union were to fall, that is likely to induce RBI to buy dollars. Which of the statements given above are correct ?
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• ______ means the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country.
• Which one of the following would be considered as Foreign Direct Investment ?
• Which of the following statements is/are correct regarding Foreign Direct Investments (FDI)?
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All 381 External Sector of Economy questions →