RBI relaxes norms for startups

Q.  RBI has relaxed several rules including _____ norms for boosting startup activity within the country.
- Published on 03 Feb 16

a. FII
b. FDI
c. SDR
d. GDP

ANSWER: FDI
 
RBI has relaxed numerous rules including FDI norms for boosting start up activity within the nation. Start ups will now be allowed to receive foreign venture capital investment regardless of which sector they operate in. New norms will permit share transfer from foreign venture capital investors to other residents/non residents. Proposal for permitting startups to get foreign venture capital investments is a positive step as presently

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