Multiple Choice Questions on With reference to Fully Accessible Route FAR consider following statements It is a separate channel ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to Fully Accessible Route FAR consider following statements It is a separate channel ...........

Economic Affairs Foreign Investment
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    With reference to Fully Accessible Route (FAR), consider following statements

    1. It is a separate channel introduced by RBI to enable non-residents to invest in specified government bonds.
    2. They are also eligible to invest in the Medium Term Framework (MTF) and the Voluntary Retention Route.
    3. Overseas Citizens of India (OCIs) are not permitted to invest in Government Securities under this route.

    Select the correct statement.

    1&2 only

    Correct Answer

    2&3 only

    Incorrect Answer

    1&3 only

    Incorrect Answer

    All of the above

    Incorrect Answer
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    Explanation:
    • The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified government bonds with effect from April 1.
    • Eligible investors can invest in specified government securities without being subject to any investment ceilings. This scheme shall operate along with the two existing routes, viz., the Medium Term Framework (MTF) and the Voluntary Retention Route (VRR).
    • Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs) and other entities permitted to invest in Government Securities under the Debt Regulations can invest under this route.

    By: Shubham Tiwari
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