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Which one of the following statement is correct with reference to FEMA in India?

(Click on suggested Options to select the answer | Color Red means : Wrong & Green Means: Correct)
Which one of the following statement is correct with reference to FEMA in India?
  • A. The Foreign Exchange Regulating Act (FERA) was replaced by Foreign Exchange Management Act (FEMA) in the year 2001
  • B. FERA was given a sunset clause of one year till 31st May,2002 to enable Enforcement Directorate to complete the investigation of
  • C. Under FEMA, violation of foreign exchange rules has ceased to be a criminal offence
  • D. As per the new dispensation Enforcement Directorate can arrest and prosecute the people for the violation of foreign exchange ru
  • Check Answer
  • Complaint Here As Incorrect Question / Answer

Related Questions

With reference to the institution of Banking Ombudsman in India, which one of the statement is not correct?
  • A. The services provided by the Banking Ombudsman are free of any fee
  • B. The orders passed by the Banking Ombudsman are final and binding on the parties concerned
  • C. Banking Ombudsman can consider complaints from NRIs having accounts in India
  • D. The Banking Ombudsman is appointed by the RBI
  • Check Answer
  • Complaint Here As Incorrect Question / Answer
With reference to the institution of Banking Ombudsman in India, which one of the statement is not correct?
  • A. The services provided by the Banking Ombudsman are free of any fee
  • B. The orders passed by the Banking Ombudsman are final and binding on the parties concerned
  • C. Banking Ombudsman can consider complaints from NRIs having accounts in India
  • D. The Banking Ombudsman is appointed by the RBI
  • Check Answer
  • Complaint Here As Incorrect Question / Answer
With reference to India, which one of the following statements is not correct?
With reference to the invaders in ancient India, which one of the following is the correct chronological order?
In humans,which one among the following with reference to breathing, is correct?

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