The 'Foreign Direct Investment' policy in India is formulated by: MCQ with Answer and Explanation

The 'Foreign Direct Investment' policy in India is formulated by:
A. SEBI
B. RBI
C. NITI Aayog
D. Department for Promotion of Industry and Internal Trade
Answer: Option D
Solution (By JKSSB Mock Tests)
FDI policy is formulated by the Department for Promotion of Industry and Internal Trade.

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Practice More Economy Set 1 Questions

Question #1
In India, the estimate of National Income is usually expressed as:
A. GNP at market prices
B. NNP at factor cost
C. GDP at factor cost
D. GDP at market prices

Correct Answer: Option B


Explanation:
National Income is conventionally defined as Net National Product at factor cost.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Bretton Woods Conference' was held in which year?
A. 1944
B. 1950
C. 1947
D. 1940

Correct Answer: Option A


Explanation:
The Bretton Woods Conference was held in 1944.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Aadhaar Payment Bridge System' enables:
A. stock trading
B. foreign exchange trading
C. direct benefit transfers using Aadhaar number
D. insurance claims

Correct Answer: Option C


Explanation:
APBS enables direct benefit transfers using Aadhaar number.

This question belongs to: Economy GK Economy Set 1