BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FDI to India decreased to____billion dollars last year from 44 billion dollars in 2016 while outflows from India, the main source of investment in South Asia, more than doubled, according to a new trade report by the UN.
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39 billion dollars
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38 billion dollars
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41 billion dollars
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40 billion dollars
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Explanation:
Detailed explanation-1: -Why FDI Inflows declined? Experts say that the proximate reason is that big-ticket mergers and acquisitions (M&As) which attracted FDI flows in recent years were not repeated.
Detailed explanation-2: -Foreign direct investment (FDI) inflows in ASEAN surged by 42% in 2021 to US$174 billion.
Detailed explanation-3: -FDI equity inflows into India contracted by 14 per cent to USD 26.9 billion during the April-September this fiscal, according to the DPIIT data.
Detailed explanation-4: -The correct answer is Services Sector.
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