Multiple choice

__________ had announced removing of restrictions on foreign funds. Among the curbs relaxed include removal of the 40 percent cap on Participatory Notes and Overseas Derivative Instruments.

  1. SEBI

  2. BSE

  3. NSE

  4. RBI

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A Correct answer
Explanation

SEBI (Securities and Exchange Board of India) announced the removal of restrictions on foreign funds, including removing the 40% cap on Participatory Notes and Overseas Derivative Instruments. This was a significant liberalization move aimed at attracting more foreign investment. The relaxation of these curbs was part of broader financial sector reforms. The other options (BSE, NSE, RBI) are financial institutions but SEBI was the regulator that made this specific announcement.