SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    Consider the following statement regarding the (Foreign Investment Promotion Board) FIPB:
    1. FIPB's functions are concerned with FDI (Foreign Direct Investment) through both automatic and government approval route.                                   
    2. Recommendations of FIPB for proposals up to
    Rs. 1200 crore are approved by Minister of Finance.
    3. Recommendations for proposals of more than Rs. 1200 crore needs to be approved by Cabinet Committee on Economic Affairs (CCEA).
    4. FIPB is mandated to play an important role in the administration and implementation of the Government's FDI policy.
    Which of the above statements is or are correct?

    A)  1, 2, 3 

    B)  2, 3, 4

    C)  1, 2, 4 

    D)  1, 3, 4

    Correct Answer: B

    Solution :

    [b] FIPB only considers FDI proposals under Government approval route and not through automatic route

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