Concept:Foreign exchange regulation in India aims to facilitate external trade and payments while maintaining orderly foreign exchange markets.Explanation:The Foreign Exchange Management Act (FEMA), 1999, was enacted to consolidate and amend the laws relating to foreign exchange in India.Its main objectives include facilitating external trade and payments, and promoting the orderly development and maintenance of the foreign exchange market in India.Therefore, the correct option is C.Answer:C. Foreign Exchange Management Act