{"id":1164,"date":"2024-03-05T15:12:24","date_gmt":"2024-03-05T15:12:24","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=1164"},"modified":"2024-03-05T15:12:24","modified_gmt":"2024-03-05T15:12:24","slug":"in-india-foreign-investment-promotion-board-now-works-under","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/in-india-foreign-investment-promotion-board-now-works-under\/","title":{"rendered":"In India, Foreign Investment Promotion Board now works under"},"content":{"rendered":"

[amp_mcq option1=”Reserve Bank of India” option2=”Ministry of External Affairs” option3=”Ministry of Commerce” option4=”Ministry of Finance” correct=”option4″]<\/p>\n

The correct answer is (d) Ministry of Finance.<\/p>\n

The Foreign Investment Promotion Board (FIPB) is an Indian government body that was established in 1991 to promote foreign investment in India. The FIPB was initially under the Ministry of Commerce, but it was transferred to the Ministry of Finance in 2017. The FIPB is responsible for reviewing and approving foreign investment proposals in India. It also provides guidance and support to foreign investors.<\/p>\n

The Reserve Bank of India (RBI) is India’s central bank. The RBI is responsible for managing India’s monetary policy, regulating the country’s financial system, and issuing currency. The RBI is not responsible for foreign investment in India.<\/p>\n

The Ministry of External Affairs (MEA) is India’s ministry responsible for foreign affairs. The MEA is responsible for managing India’s relations with other countries, promoting India’s interests abroad, and protecting Indian citizens abroad. The MEA is not responsible for foreign investment in India.<\/p>\n

The Ministry of Commerce (MoC) is India’s ministry responsible for trade and commerce. The MoC is responsible for promoting India’s exports, attracting foreign investment, and regulating India’s domestic trade. The MoC was responsible for the FIPB until 2017, when the FIPB was transferred to the Ministry of Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"

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