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Consider the following statements regarding FIPB(Foreign investment promotion board):
1. It comes under department of revenue
2. FIPB was first constituted under the Prime Minister’s Office following economic liberalisation in the early 1990s.
Which of the statement(s) given above is/are correct?
1 only
2 only
Both
None
About FIPB: FIPB was an inter-ministerial body housed in the finance ministry under the department of economic affairs. It comprised secretaries of various ministries who made recommendations on foreign investment applications.
FIPB was first constituted under the Prime Minister’s Office
By: Vishal ProfileResourcesReport error
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