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Consider the following statements.
1. As per the present FDI policy, the FDI ceiling for public sector banks is less than 50% on government approval route.
2. As per the present rules, Global investors are not allowed to participate in initial public offering (IPO) of a company owned by the government.
3. A Red Herring Prospectus is a document filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money through initial public offering (IPO).
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    1, 2
  • c)
    1, 2, 3
  • d)
    1, 3
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements.1. As per the present FDI policy, th...
The Cabinet approved changes to India’s foreign direct investment (FDI) policy to allow global investors to participate in the initial public offering of Life Insurance Corporation of India (LIC) shares expected to be launched soon. As per the present FDI policy, the FDI ceiling for public sector banks is 20% on government approval route. A Red Herring Prospectus, or offer document, is filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money from the public by selling shares of the company to investors. The document is very useful to investors because it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds by filing an IPOs.
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Consider the following statements.1. As per the present FDI policy, the FDI ceiling for public sector banks is less than 50% on government approval route.2. As per the present rules, Global investors are not allowed to participate in initial public offering (IPO) of a company owned by the government.3. A Red Herring Prospectus is a document filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money through initial public offering (IPO).Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements.1. As per the present FDI policy, the FDI ceiling for public sector banks is less than 50% on government approval route.2. As per the present rules, Global investors are not allowed to participate in initial public offering (IPO) of a company owned by the government.3. A Red Herring Prospectus is a document filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money through initial public offering (IPO).Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements.1. As per the present FDI policy, the FDI ceiling for public sector banks is less than 50% on government approval route.2. As per the present rules, Global investors are not allowed to participate in initial public offering (IPO) of a company owned by the government.3. A Red Herring Prospectus is a document filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money through initial public offering (IPO).Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. As per the present FDI policy, the FDI ceiling for public sector banks is less than 50% on government approval route.2. As per the present rules, Global investors are not allowed to participate in initial public offering (IPO) of a company owned by the government.3. A Red Herring Prospectus is a document filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money through initial public offering (IPO).Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 2, 3d)1, 3Correct answer is option 'D'. Can you explain this answer?.
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