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SSC CPO 2024 PYQ — Question 67

SSC CPO - 28 June 2024 - Shift 1 • General Awareness • Q67

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In which year was the Foreign Investment Board established?

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Correct answer: A

Explanation

The correct answer is option 1 i.e. 1991.

  • The Foreign Investment Board (FIB) in India was established in 1990. The FIB was created to facilitate and streamline the process of foreign direct investment (FDI) in India, aiming to enhance investment inflows and promote economic growth.
  • It was later replaced by the Foreign Investment Promotion Board (FIPB), which was established in 1991 and played a similar role in managing and promoting foreign investment until it was abolished in 2017.