Question

Which of the following institutions has been scrapped recently?(a) Minerals and Metals Regulatory Commission(b) Coal India Limited(c) Planning Commission(d) FIPB

Answer 1

option ( d) is correct...

Answer 2

The Foreign Investment Promotion Board was the latest institute to be scrapped in 2017.

It was an inter-ministerial body placed in the Department of Economic Affairs in the Finance ministry which looked into the matter of Foreign Direct Investment .

The Government has entrusted the responsibilities of FIPB to individual departments of the government which have been empowered to clear FDI proposals in consultation with DIPP .