| I. The Foreign Exchange and Regulation Act (FERA) was passed in 1980. |
| II. This resulted in a tremendous shift in the foreign investment policy of the Government of India. |
| III. Foreign Investment was allowed in only those industries that were directly into exports. |
A) I & II
B) Only III
C) II & III
D) All the above
Correct Answer: C
Solution :
The Foreign Exchange and Regulation Act (FERA) was passed in 1973. This resulted in a tremendous shift in the foreign investment policy of the Government of India. Foreign Investment was allowed in only those industries that were directly into exports.
You need to login to perform this action.
You will be redirected in
3 sec
