India's market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is ____________.

the desire of the Government of India to attract more foreign investment

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pressure by foreign governments on India to execute specific mutual agreements on finanacial services

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SEBI's desire to create a more level playing field for foreign investors

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RBIs relevant directive to SEBI

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Solution

The correct option is A the desire of the Government of India to attract more foreign investment
Market regulator Sebi (Securities and Exchange Board of India) was on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country, from 10% to 20% that applied to foreign institutional investors (FIIs). The reason behind the move was to attract foreign investment in India.

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