Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

What is Foreign Investment Promotion Board (FIPB) ?

Options:

It was setup to promote and channelize Domestic investment in India

It was setup to promote and channelize foreign investment in India

It was established to negotiate proposals from large international firms and expedite clearances of the investment proposals.

Both 2 and 3

Correct Answer:

Both 2 and 3

Explanation:

Foreign Investment Promotion Board (FIPB) established to negotiate proposals from large international firms and expedite clearances of the investment proposals. Foreign Investment Promotion Board (FIPB) was set up to promote and channelise foreign investment in India.