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Consider the following statement regarding FPI Advisory Committee (FAC). Which of the following statement is incorrect?
  • a)
    K V Subramanian has been appointed as chairman of this expert group of Foreign Portfolio Investors (FPIs).
  • b)
    The FPI Advisory Committee (FAC) consists of a total of 16 members representing foreign banks, stock exchange depositories, and RBI.
  • c)
    A 15-member committee has been formed by SEBI
  • d)
    All of the above
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statement regarding FPI Advisory Committee (FA...
  • A 15-member committee has been formed by SEBI to attract foreign investment.
  • K V Subramanian has been appointed as chairman of this expert group of Foreign Portfolio Investors (FPIs).
  • The FPI Advisory Committee (FAC) consists of 14 other members representing foreign banks, stock exchange depositories, and RBI.
  • The FAC will advise on issues related to investments and operations of FPIs in the financial markets, including measures to facilitate ease of doing business by FPIs in India.
  • It will review investment avenues available for FPIs. It will advise on the feasibility of new investment avenues.
  • It will suggest measures required to encourage FPI participation in the bond market.
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Consider the following statement regarding FPI Advisory Committee (FAC). Which of the following statement is incorrect?a)K V Subramanian has been appointed as chairman of this expert group of Foreign Portfolio Investors (FPIs).b)The FPI Advisory Committee (FAC) consists of a total of 16 members representing foreign banks, stock exchange depositories, and RBI.c)A 15-member committee has been formed by SEBId)All of the abovee)None of theseCorrect answer is option 'B'. Can you explain this answer?
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