The correct answer is (b).
The Foreign Exchange Management Act (FEMA) is an Act of the Parliament of India enacted in 1999 to consolidate and amend the laws relating to foreign exchange with the objective of facilitating external trade and payments and promoting the orderly development and maintenance of the foreign exchange market in India.
The Foreign Exchange Regulation Act (FERA) was an Act of the Parliament of India enacted in 1973 to regulate foreign exchange transactions in India. FERA was repealed by FEMA in 1999.
The Monopolies and Restrictive Trade Practices Act (MRTP Act) was an Act of the Parliament of India enacted in 1969 to regulate monopolies and restrictive trade practices in India. The MRTP Act was repealed by the Competition Act, 2002.
The Competition Act, 2002 is an Act of the Parliament of India enacted to provide for the establishment of a Commission to promote and protect competition in the markets, to prohibit anti-competitive agreements and abuse of dominant position, and for matters connected therewith or incidental thereto.