Loading...
UKPSC Prelims 2025GS-IQ. 138 of 250
Q. 1381 markMedium
UKPSC Prelims 2025·GS-I
Consider the following statements: (1) FEMA came into effect from 1 June 2000. (2) FERA was mainly meant for external debt liability. Select the correct code with respect to the above statements.
(a)Statements (1) and (2) are correct and (2) explains (1).
(b)Statements (1) and (2) are correct but (2) does not explain (1).
(c)Statement (1) is true, but (2) is false.
(d)Statement (1) is false, but (2) is true.