Question

Which one of the following sectors is not affected by the changes made in the Foreign Direct Investment Policy in June 2016?
A) Multi-brand retailing B) Defence C) Private security agencies D) Manufacturing of small arms and ammunitions covered under the Arms Act, 1959

Answer 1

Private Security Agencies: The New FDI Policy has clarified that the terms "private security agencies", "private security", and "armoured car service" shall have the same meaning as provided to such terms under the Private Security Agencies (Regulation) Act, 2005 (PSAR Act). Accordingly, private security agencies would include any person (other than any governmental agency) providing private security services including training of private security guards and deployment of armoured cars.

Answer 2

Answer:

C) Private security agencies

Explanation:

Private Security agencies are agencies which provide security services including training of security guards. No private security agency can commence a business or provide a security guard without holding a license under PSARA.

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