BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An FVCI can invest in an Indian company engaged in
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Biotechnology
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Dairy industry
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Production of bio-fuels
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All of the above
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Explanation:
Detailed explanation-1: -A SEBI registered FVCI can also invest in domestic venture capital fund registered under the SEBI (Venture Capital Fund) Regulations, 1996. Such investments would also be subject to RBI regulations and FDI policy.
Detailed explanation-2: -Composite investment vehicle: While the investors may be registered as an FVCI, the same entity may also invest in India under the FDI Route. This provides investors the ability to benefit from the arbitrage of both routes through a single entity.
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