UKPSC PCS 2025 · Question 53 of 150

Consider the following statements: (1) FEMA came into effect from June 1, 2000. (2) FERA is mainly for external debt liability. Select the correct code with respect to the above statements.

Economy

AStatements (1) and (2) are correct and statement (2) explains statement (1)
BStatements (1) and (2) are correct and statement (2) does not explain statement (1)
CStatement (1) is true, but statement (2) is falseCorrect
DStatement (1) is false, but statement (2) is true

Answer: C. Statement (1) is true, but statement (2) is false

Explanation

FEMA came into force on June 1, 2000, replacing FERA; as per the official key, statement (2) is treated as false.

Source: UKPSC Combined Upper PCS Prelims 2025 GS (Paper-I) held 29-Jun-2025, Series-A (SDJ), via teachingninja.in; answers from UKPSC provisional answer key Series A (prepp.in)

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