Arrange the following Acts in chronological order of their year of enactment starting from the oldest :…
Arranging the five Indian economic statutes in chronological order from oldest to newest by their year of enactment: (C) the Monopolies and Restrictive Trade Practices…
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Arrange the following Acts in chronological order of their year of enactment starting from the oldest :
- Foreign Exchange Regulation Act
- Competition Act
- MRTP Act
- Foreign Trade (Development and Regulation) Act
- Foreign Exchange Management Act
Answer and explanation
Correct answer B
Arranging the five Indian economic statutes in chronological order from oldest to newest by their year of enactment: (C) the Monopolies and Restrictive Trade Practices (MRTP) Act was enacted in 1969; (A) the Foreign Exchange Regulation Act (FERA) was enacted in 1973; (D) the Foreign Trade (Development and Regulation) Act was enacted in 1992; (E) the Foreign Exchange Management Act (FEMA) was enacted in 1999; and (B) the Competition Act was enacted in 2002. Therefore, the correct chronological sequence is C, A, D, E, B .
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UGC NET Economics