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Home Questions 5SFBX684S7
Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

What is the full form of FIPB?

Options:

Foreign Investment Promotion Board

Foreign Investment Protection Board

Feasible Investment Promotion Board

Feasible Investment Protection Board

Correct Answer:

Foreign Investment Promotion Board

Explanation:

The correct answer is option 1- Foreign Investment Promotion Board.

The full form of FIPB is Foreign Investment Promotion Board.

FIPB was an institution in India responsible for facilitating foreign direct investment (FDI) in the country. It provided a single-window clearance for foreign investments in sectors that required government approval.  However, the FIPB was abolished in 2017, and its functions were transferred to the Department for Promotion of Industry and Internal Trade (DPIIT). The DPIIT now handles FDI policy and approval processes in India.

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