What is the full form of FIPB?
Answer & explanation
Correct answer: option 1
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.