What is the full form of FEMA?

Q. What is the full form of FEMA?
Answer: Foreign Exchange Management Act
Notes: FEMA stands for The Foreign Exchange Management Act, 1999. It is an Act of the Parliament of India to consolidate and change the law relating to foreign exchange. Its objective is to facilitate external trade and payments.

Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.

📌 Question Number: 1 in 86-FERA and FEMA in the above course in App.