What is the full form of FIPB? – Answer & Explanation | CUET Subject PYQ – Dubuddy

What is the full form of FIPB?

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Shift 02/06/2023 3:30 PM - 6:30 PM

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A
Foreign Investment Promotion Board
B
Finland Investor Protection Board
C
Foreign Investor Protection Board
D
Finland Investment Promotion Board
Correct answer

Correct Answer

Foreign Investment Promotion Board
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Detailed Explanation

FIPB stands for "Foreign Investment Promotion Board." It was an inter-ministerial body of the Government of India that was responsible for considering and recommending foreign direct investment (FDI) in sectors that required government approval. The board played a crucial role in promoting and facilitating foreign investment in various sectors of the Indian economy, contributing to the country's economic growth and development.

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