Consider the following statements about Indian economy:
$1.$ Indian Government has initiated measures like bringing acquisition of all types of ships under open general licence.
$2.$ Indian Government has allowed $100$ % FDI in the shipping and port sectors.
Which of the statements given above is/are correct?

Only

1

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Only

2

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Both

1

and

2

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Neither

1

nor

2

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Solution

The correct option is C Both $1$ and $2$
Indian government has simplified the process of acquisition of ships and has been brought under open general license (OGL). It has to be approved by Director General of Shipping. 100% FDI has been permitted in the shipping and port sectors.

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The correct option is C Both 1 and 2Indian government has simplified the process of acquisition of ships and has been brought under open general license (OGL). It has to be approved by Director General of Shipping. 100% FDI has been permitted in the shipping and port sectors.

The correct option is C Both $1$ and $2$
Indian government has simplified the process of acquisition of ships and has been brought under open general license (OGL). It has to be approved by Director General of Shipping. 100% FDI has been permitted in the shipping and port sectors.