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      Question

      Which country's Sovereign Wealth Fund has become the

      first Sovereign Worth Fund to invest in India?
      A Qatar Correct Answer Incorrect Answer
      B UAE Correct Answer Incorrect Answer
      C Russia Correct Answer Incorrect Answer
      D USA Correct Answer Incorrect Answer

      Solution

      Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the UAE, plans to set up a $4-5 billion fund in India through GIFT City in Gujarat. ADIA has received in-principle approval from the regulatory authority at GIFT City. ADIA will be the first sovereign wealth fund to invest in India via GIFT City.

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