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Match List-I with List-IIList I Act/ InstitutionList II YearA. Consumer Protection Act I. 1964B. FEMA II. 1945C. IMF III. 1999 D. UNCTAD IV. 2019Codes
Question

Match the column

Match List-I with List-II

List I Act/ Institution
List II Year
A. Consumer Protection Act
I. 1964
B. FEMA
II. 1945
C. IMF
III. 1999
D. UNCTAD
IV. 2019

Codes

A.

A-IV, B-III, C-II, D-I

B.

A-II, B-III, C-I, D-IV

C.

A-III, B-IV, C-II, D-I

D.

A-I, B-II, C-III, D-IV

Correct option is A

The correct matches between List I and List II are:
· Consumer Protection Act (A-IV): The latest version of the Consumer Protection Act was enacted in 2019, replacing the 1986 Act, to address modern consumer issues such as e-commerce and digital transactions.
· FEMA (B-III): The Foreign Exchange Management Act (FEMA) was introduced in 1999, replacing the earlier FERA (Foreign Exchange Regulation Act).
· IMF (C-II): The International Monetary Fund (IMF) was established in 1945 to stabilize international exchange rates and support global financial cooperation.
· UNCTAD (D-I): The United Nations Conference on Trade and Development (UNCTAD) was formed in 1964 to integrate developing countries into the global economy and promote sustainable development.
Information Booster
· Consumer Protection Act (A-IV): The Consumer Protection Act, 2019, strengthens consumer rights and introduces new provisions such as product liability, mediation, and protection against unfair trade practices. It also establishes the Central Consumer Protection Authority (CCPA) to investigate violations.
· FEMA (B-III): FEMA regulates foreign exchange in India to facilitate external trade and maintain foreign exchange reserves. It simplifies procedures and promotes the globalization of India’s economy.
· IMF (C-II): The IMF was created post-WWII to foster global economic stability. It provides financial assistance to member countries facing economic crises and advises on macroeconomic policies.
· UNCTAD (D-I): UNCTAD supports developing nations by addressing challenges in trade, investment, and sustainable development. It focuses on equitable global trade policies.

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