Question
Which of the following statements regarding Foreign Institutional Investment (FI
- I in India are correct? 1. Non-Resident Indians (NRIs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PI
- S of Reserve Bank of India. 2. The ceiling for overall investment for FIIs is 24 per cent of the paid-up capital of the Indian company. 3. Securities and Exchange Board of India monitors the ceilings on FII investments in Indian companies on a daily basis. Select the correct answer using the code given below:
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