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    Question

    Recently India and which country signed an investment

    incentive agreement, that enable the Development Finance Corporation (DFC) to continue with its investments in this country?
    A Russia Correct Answer Incorrect Answer
    B USA Correct Answer Incorrect Answer
    C Japan Correct Answer Incorrect Answer
    D China Correct Answer Incorrect Answer
    E Saudi Arabia Correct Answer Incorrect Answer

    Solution

    India and the US recently signed an investment incentive agreement, which will supersede an earlier agreement and enable the US International Development Finance Corporation (DFC) to continue with its investments in this country. The DFC, a development finance agency of the US government, is currently considering investment proposals worth $4 billion for India. The DFC or their predecessor agencies are active in India since 1974 and have so far provided investment support worth $5.8 billion.

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