RBI rules for Foreigners acquiring property in India - General Economics & Indian Economy

Q.  Consider the following statements

1. According to RBI rules citizens of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan are forbidden from acquiring property in India.
2. Now Hong Kong and Macau administered by China are also forbidden from acquiring property in India

Which of the above statements are correct?
- Published on 30 Apr 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both

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