Question

Which of the following is NOT true regarding FPIs?
KYC norms for FPIs are regulated by RBI
NRIs, Overseas Citizens of India (OCI) and resident Indians cannot be beneficial owners of FPIs
NRIs and OCIs can only obtain an FPI licence when they limit their roles to investment advisors.
All of the above
None of the above

Answer 1

The Reserve Bank has eased investment norms for foreign portfolio investors (FPIs) in debt. The move can help attract more overseas flows and thereby help arrest the recent fall in the rupee on one hand and also lift the recent fall in demand for corporate bonds. FPIs are allowed to invest in various debt market instruments such as government bonds, treasury bills.

Answer 2

Answer:

All of the above.......