SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following was not a part of FDI policy 2017?
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Strengthening of FIPB
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Introduction of foreign investment facilitation portal
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Introduction of standard operating procedure
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Issue of convertible notes by start ups
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Explanation:
Detailed explanation-1: -The correct answer is The purchase of bonds or stocks issued by Pharma Company overseas.
Detailed explanation-2: -International trade is not a type of direct foreign investment.
Detailed explanation-3: -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.
There is 1 question to complete.