The Foreign Investment Promotion Board (FIPB) has approved six Foreign Direct Investment (FDI) proposals worth uline{1cm}

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Foreign Investment Promotion Board (FIPB) has approved six Foreign Direct Investment (FDI) proposals worth _________

A	Rs 1, 000 crore
B	Rs 3, 000 crore
C	Rs 2, 500 crore
D	Rs 1, 200 crore

Explanation:

Detailed explanation-1: -FIPB is the board for bringing the funds through FDI. It acts as the bridge between government, non-government bodies, firms, and agencies to communicate and decide the optimum FDI limit in each sector. It also approves the proposal for FDI by which FIPB also controls FDI flow into the economy.

Detailed explanation-2: -India has so far received healthy foreign direct investment (FDI) in 2022. As per the latest figures of the government, India has registered its highest-ever total FDI inflows of $84.84 billion in 2021-22.

Detailed explanation-3: -The Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs, Ministry of Finance, is an inter-ministerial body, responsible for processing of FDI proposals and making recommendations for Government approval.

There is 1 question to complete.