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NRIs can inve...

Question

NRIs can invest upto 100% equity in high-priority industries, export houses, trading houses, hospitals, and sick-industries. Is this statement true or false?

A

True

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B

False

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Solution

The correct option is A True
NRIs/OCBs will be permitted to invest , on non-repatriation basis, in Money Market Mutual Funds (MMMFs) floated by commercial banks and public sector /private sector financial institutions, with authorisation from Reserve Bank of India/Securities and Exchange Board of India (SEBI).

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