MCQ
upsc-p1-economy-foreign-investment-fdi MCQ - Practice Questions with Answers
Solve 1 upsc-p1-economy-foreign-investment-fdi questions for RAS/RPSC preparation.
Practice questions
Q1With reference to the constitutional basis of foreign-investment regulation in India, consider the following statements: 1. Article 246 read with the Seventh Schedule allocates legislative fields relevant to foreign investment. 2. Union List Entry 36 covers foreign exchange. 3. Union List Entry 48 covers banking. Select the correct answer using the code given below.
Explanation
Statements 1 and 2 are correct. Entry 36 includes foreign exchange. Statement 3 is incorrect because Entry 48 concerns stock exchanges and futures markets, while banking falls under Entry 45.
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