Which board was set up in 1991 to promote and channel foreign investment?
ABIFR
BIRDA
CFIPB
DSEBI
Answer & Solution
Correct answer: C. FIPB
1. Foreign equity limits were raised.
2. The Foreign Investment Promotion Board was set up.
3. 100 per cent FDI was allowed in many activities.
_Source: syllabus Business Studies, Chapter 3, Business Environment._
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