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      Question

      Consider the following statements about Foreign Direct

      Investment? I. There are three routes through which FDI flows into India. II. In the automatic route, the foreign entity does not require the prior approval of the government or the RBI. III. FDI in Tobacco Industry in India is completely prohibited. Which of the following/s statement/s is/are not correct?
      A I Correct Answer Incorrect Answer
      B II Correct Answer Incorrect Answer
      C III Correct Answer Incorrect Answer
      D I, II & III Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Consider the following statements about Foreign Direct Investment? I. There are three routes through which FDI flows into India. II. In the automatic route, the foreign entity does not require the prior approval of the government or the RBI. III. FDI in Tobacco Industry in India is completely prohibited. Which of the following/s statement/s is/are not correct?

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