Question

In which of the sectors foreign investment is prohibited?

i. Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes

ii. Lottery Business including Government / private lottery, online lotteries, etc.

iii. Trading in Transferable Development Rights (TDRs)

iv. Real Estate Business or Construction of Farm Houses

A Only i & ii Correct Answer Incorrect Answer
B Only i & iii Correct Answer Incorrect Answer
C Only i, ii, & iii Correct Answer Incorrect Answer
D Only i, iii, & v Correct Answer Incorrect Answer
E All of these Correct Answer Incorrect Answer

Solution

Foreign investment is prohibited in the following sectors: i.            Lottery Business including Government / private lottery, online lotteries, etc. ii.            Gambling and Betting including casinos etc. iii.            Chit funds iv.            Nidhi company v.            Trading in Transferable Development Rights (TDRs) vi.            Real Estate Business or Construction of Farm Houses vii.            Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes viii.            Activities / sectors not open to private sector investment e.g. (I) Atomic energy and (II) Railway operations (other than permitted activities mentioned in entry 18 of Annex B). Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery Business and Gambling and Betting activities.

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