Multiple choice

Which of the following is/are correct about the joint ventures?

a. A joint venture is based on a MoU and should be signed by both the parties. b. Only the Foreign Investment Promotion Board (FIPB) can give approval for a joint venture in case of a foreign partner. c. Special parliamentary approval is taken for the joint venture companies incorporated in India.

  1. Only a

  2. Only b

  3. Only c

  4. Both a and c
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A Correct answer
Explanation

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