12. Govt. of India has decided to review its Foreign Direct Investment Rules twice in a year. This will be done from—
(A) 2015
(B) 2012
(C) 2014
(D) 2011
(E) None of these
Ans : (E)
13. Many times we read about ‘Hawala’ transactions in newspapers. Hawala in India is prohibited under the provision of which of the following Acts ?
(A) Fiscal Responsibility and Budget Management Act
(B) Banking Regulation Act
(C) Financial action Task Force Act
(D) Foreign Exchange Management Act
(E) None of these
Ans : (D)
14. India recently reviewed its trade relation policy with Russia. What are the main exports from India to Russia ?
1. Pharmaceuticals
2. Apparel and Clothing
3. Tea and Coffee
(A) Only 1
(B) Only 2
(C) All 1, 2 and 3
(D) Only 2 and 3
(E) Only 1 and 2
Ans : (A)
15. As we all know DIPP is the nodal agency in the field of foreign investments in India. What is the full form of DIPP ?
(A) Department of Industrial Policy and Promotion
(B) Department of Industrial Procedures and Promotions
(C) Directorate of Industrial Procedures and Promotions
(D) Directorate of Industrial Policy and Publicity
(E) None of these
Ans : (A)
