Question

Foreign Exchange Management Act (FEMA), would fall under which of the following type of Public Policy?


Restrictive


Regulatory


Facilitating​

Answer 1

Restrictive

hope it help u

Answer 2

The type of Public Policy, under which the 'Foreign Exchange Management Act (FEMA)', would fall is 'Facilitating​'.

• The 'Foreign Exchange Management Act ', 1999 '(FEMA)', is an 'Associate Act' of the 'Parliament' of the Republic of India "to 'consolidate and amend' the law with reference to exchange with the target of 'facilitating external trade' and 'payments' and for 'promoting the orderly development ' and maintenance of exchange market in India".
• FEMA isn't a completely freelance law as RBI is creating laws and have a serious role over it. Many penalties18 are been for any resistance below Federal Emergency Management Agency that is financial in nature.

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