CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
US President has issued an order banning American investors from investing in companies supporting which nation’s military?
A
Iraq
B
Pakistan
C
China
D
Israel
Explanation: 

Detailed explanation-1: -The executive order prohibits all U.S. investors (institutional and retail investors alike) from purchasing or investing in securities of companies identified by the U.S. government as “Communist Chinese military companies".

Detailed explanation-2: -The US has banned the sale and import of new communications equipment from five Chinese companies, including Huawei and ZTE, amid concerns over national security. Other companies listed include Hikvision, Dahua and Hytera, which make video surveillance equipment and two-way radio systems.

Detailed explanation-3: -The order came into effect on August 2, 2021. The order expands the scope of the national emergency declared in Executive Order 13959 and prohibits U.S. persons from investing in Chinese companies identified by the U.S. government as having ties to China’s military or surveillance industry.

Detailed explanation-4: -The United States had increased pressure by passing a law in December 2020 requiring Chinese companies listed in the US to open their books to audit watchdogs. If they failed to comply with the requirements for three straight years, they would be delisted.

There is 1 question to complete.