17. the significant development in the sphere of foreign exchange was introduced of (a) foreign exchange regulation act (fera) (b) foreign exchange management (

option b- FEMA

foreign exchange ka point of view se sab se phela

but mam sab se phela FERA introduce kiya gya tha

so it should be option b FEMA

The Government of India formulated FEMA or Foreign Exchange Management Act to encourage external payments and across the border trades in India. It was formulated in the year 1999 ...