BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which of the following sector/sectors FDI is not allowed in India, under the automatic route as well as the government route?
A
B
All the above
C
Only 1
D
Only 2
E
Only 3
Explanation: 

Detailed explanation-1: -The present policy prohibits FDI in the following sectors: Gambling and Betting. Lottery business (including government/ private lottery, online lotteries etc) Activities /sectors not open to private sector investment (eg, atomic energy /railways)

Detailed explanation-2: -Sectors where FDI is prohibited Agricultural or Plantation Activities (although there are many exceptions like horticulture, fisheries, tea plantations, Pisciculture, animal husbandry, etc.) Atomic Energy Generation. Nidhi Company. Lotteries (online, private, government, etc.)

Detailed explanation-3: -Animal husbandry, pisciculture, aquaculture, apiculture. Agro services. Auto components Subject to the provisions of FDI policy, investment in the manufacturing sector is under FDI automatic route. Automobiles Subject to the provisions of FDI policy, investment in the manufacturing sector is under FDI automatic route.

Detailed explanation-4: -Atomic Energy is correct answer.

There is 1 question to complete.