Foreign Investment Promotion Board is under the ministry of External affairs Industry Finance PMO Answer 3. Finance Explanation The Foreign Investment Promotion Board (FIPB), housed in the Department of Economic Affairs, Ministry of Finance, is an inter-ministerial body, responsible for processing of FDI proposals and making recommendations for Government approval.

Assertion (A): India’s trade policies are still inward-looking Reason (R): The focus of EXIM policy is more on export promotion measures. Codes : Both (A) and (R) are correct and (R) is the correct explanation of (A) Both (A) and (R) are correct but (R) is not the correct explanation of (A) (A) is correct but (R) is incorrect (A) Read More …

Assertion (A) : India’s balance of payments is always in disequilibrium. Reason (R) : The demand for foreign exchange is more than its supply. Codes : Both (A) and (R) are correct and (R) is the correct explanation of (A) Both (A) and (R) are correct but (R) is not the correct explanation of (A) (A) is correct but (R) Read More …