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2026 Current Affairs practice question for Railways, SSC, UPSC. Review the correct answer and explanation, then continue with related practice below.

Question language / प्रश्न भाषा

Consider the following statements regarding FEDAI: 1. FEDAI was established in 1958. 2. It deals with rules for inter-bank foreign exchange transactions. 3. RBI recognised it as an SRO for all Authorised Dealers. 4. It has one year to align its governance with the Omnibus SRO framework. Which of the statements given above are correct?

FEDAI के संबंध में निम्नलिखित statements पर विचार कीजिए: 1. FEDAI की स्थापना 1958 में हुई थी। 2. यह inter-bank foreign exchange transactions के rules से संबंधित कार्य करता है। 3. RBI ने इसे all Authorised Dealers के लिए SRO के रूप में recognise किया। 4. इसे अपनी governance को Omnibus SRO framework के अनुरूप करने के लिए one year दिया गया है। उपरोक्त में से कौन-से statements सही हैं?

Answer and explanation are free to read — no sign-in required.उत्तर और व्याख्या पढ़ने के लिए साइन-इन आवश्यक नहीं है।

A

1 and 2 onlyकेवल 1 और 2

B

1, 2 and 3 onlyकेवल 1, 2 और 3

C

2, 3 and 4 onlyकेवल 2, 3 और 4

D

1, 2, 3 and 41, 2, 3 और 4

✓

Correct Answerसही उत्तर

D. 1, 2, 3 and 4D. 1, 2, 3 और 4

Explanationव्याख्या

All four statements are correct according to the source.
FEDAI was established in 1958 and has historically functioned as a self-regulatory body for banks dealing in foreign exchange.
RBI's formal SRO recognition requires it to align its governance with the Omnibus framework within one year and broaden membership to all types of Authorised Dealers.

Source के अनुसार सभी four statements सही हैं। FEDAI की स्थापना 1958 में हुई और यह foreign exchange dealing banks के लिए self-regulatory role निभाता रहा है। RBI की formal SRO recognition के बाद इसे one year के भीतर governance को Omnibus framework के अनुरूप करना और membership को सभी types of Authorised Dealers तक expand करना है।

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