Multiple choice general knowledge

First paved way for NRI investments and capital into India?

  1. Manmohan Singh

  2. P Chidambaram

  3. Pranab Mukherjee

  4. VP Singh
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This refers to Pranab Mukherjee's 2012 budget that paved the way for NRI investments and capital market reforms. As Finance Minister, he introduced several measures to attract foreign investment including changes in QFI (Qualified Foreign Investor) regulations and liberalizing external commercial borrowing. Manmohan Singh opened India's economy in 1991, P. Chidambaram presented the 'Dream Budget,' and VP Singh was Finance Minister in the 1980s.

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