question_answer

As per the news published in various financial newspapers, the RBI is reworking the roadmap on Capital Account Convertibiliy. If this is done, who amongst the following would be able to invest in foreign projects or acquire assets outside India without any restrictions?          [SBI 2010]

[a] Public Sector Banks

[b] Companies which are registered in India

[c] Govt. of India

[d] Any Individual

A)  Only [a]

B)  Only [b]

C)  Only [c]

D)  All [a], [b], [c] & [d]                     

E)  None of these