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    Question

    Consider the following statements in regards to Central Bank Digital Currency (CBDC):

    I) FDI into India declined sharply to $13.9 billion in April-July 2023.

    II) Around two-thirds of the FDI equity flows were directed towards manufacturing, financial services, business services, computer services, electricity etc.

    III) Singapore, Japan, the Netherlands, the US, and Mauritius were major source countries, accounting for more than two-thirds of the FDI equity flows during the same period

    Which of the following statements is/are correct?

    A I only Correct Answer Incorrect Answer
    B I & III Correct Answer Incorrect Answer
    C I & II Correct Answer Incorrect Answer
    D II & III Correct Answer Incorrect Answer
    E All Correct Answer Incorrect Answer

    Solution

    The equity foreign direct investment (FDI) into India declined sharply to $13.9 billion in April-July 2023 from $22.04 billion a year ago. Around two-thirds of the FDI equity flows were directed towards manufacturing, financial services, business services, computer services, electricity, and other energy sectors. Singapore, Japan, the Netherlands, the US, and Mauritius were major source countries, accounting for more than two-thirds of the FDI equity flows during the same period.

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