What is the full form of FIPB?

Foreign Investment Promotion Board

The correct answer is Option (1) - Foreign Investment Promotion Board

FIPB stands for "Foreign Investment Promotion Board." It was an inter-ministerial body of the Government of India. Foreign Investment Promotion Board (FIPB) was set up to promote and channelise foreign investment in India. The board played a crucial role in promoting and facilitating foreign investment in various sectors of the Indian economy, contributing to the country's economic growth and development.