In which of the following is Foreign Direct Investment prohibited in India?
- A.Insurance
- B.Lottery business
- C.Telecom services
- D.Single brand retail trading
Show answer
The FDI policy lists a small set of prohibited activities: the lottery business, gambling and betting including casinos, chit funds, Nidhi companies, trading in transferable development rights, real estate business and the construction of farm houses, the manufacture of cigars, cheroots and cigarettes, and activities closed to private investment such…
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