Question Detail

What is FEMA ?

First Exchange Management Act
Foreign Exchequer Management Act
Foreign Exchange Management Act
Foreign Evaluation Management Act

Answer: Option C

Explanation:

FEMA is Foreign Exchange Management Act, it came into force in July 2000. It replaced Foreign Exchange Regulation Act 1973.

Similar Questions :

1. Sales Tax is

Direct Tax
Indirect Tax
Tax imposed by central government
Tax imposed by state government

Answer: Option B

Explanation:

Direct Taxes are : Income Tax, Property Tax, Gift Tax etc.

Indirect Taxes are : Sales Tax, Excise Tax, Custom Duty etc.

2. India earns maximum foreign exchange by the export of ?

Iron
Handloom
Texttiles
Tea

Answer: Option D

3. General Insurance Corporation (GIC) was established in ?

1971
1972
1973
1974

Answer: Option B

Explanation:

General Insurance Corporation (GIC) was established in November 1972.

4. How much population is living below poverty line in India ?

Approx 24%
Approx 25%
Approx 26%
Approx 27%

Answer: Option C

5. Green Revolution started in

1964-65
1965-66
1966-67
1967-68

Answer: Option C

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