Q. Consider the following statements about Foreign Investment Facilitation Portal (FIFP):

Select the correct answer using the code given below:

1 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2 only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both 1 and 2

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Neither 1 nor 2

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Neither 1 nor 2
Explanation:

Statement 1 is incorrect. The FIPB was replaced by the Foreign Investment Facilitation Portal (FIFP) in May 2017.

Statement 2 is incorrect. Foreign Investment Facilitation Portal (FIFP) is the online single point interface of the Ministry of Finance to facilitate Foreign Direct Investment in the country.

Suggest Corrections

Similar questions

Which of the following would include Foreign Direct Investment in India? Select the correct answer.

1. Subsidiaries of companies in India

2. Majority foreign equity holding in Indian companies

3. Companies exclusively financed by foreign companies

4. Portfolio investment

Join BYJU'S Learning Program