FEMA stands for:
Options
AForeign Exchange Management Act
BForeign Exchange Monetary Act
CForeign Export Management Act
DNone
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Indian EconomyPYQ - New SyllabusQuestion 199 of 20
All Questions Correct Answer
✅ Option a — Foreign Exchange Management Act
All Options:
- AForeign Exchange Management Act
- BForeign Exchange Monetary Act
- CForeign Export Management Act
- DNone
About This Chapter: Indian Economy
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
History, Sectors, Current Scenario
This chapter provides an overview of the Indian economy — its historical evolution, the economic reforms of 1991 (LPG: Liberalization, Privatization, Globalization), and the current structure of agriculture, industry, and services sectors. Students learn about India's growth trajectory and key economic indicators.
View Official ICAI SyllabusExam Strategy Tip
This chapter has evolved significantly. Focus on recent developments, GDP contribution by sector, and understand the significance of the 1991 reforms. Questions are often fact-based and current-affairs oriented.
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