Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.447)

447. 

As per the RBI, which nation has emerged as a top nation in making non-resident investments in Indian mutual funds?

[A]. Singapore
[B]. UAE
[C]. UK
[D]. USA

Answer: Option B

Explanation:

The Reserve Bank of India (RBI) notified that the United Arab Emirates (UAE) emerged as a top nation in making non-resident investments in Indian mutual funds (MFs). As of March 31, 2019, the foreign liabilities of units in Indian MFs made by UAE stood at Rs 14,979 crore, registering a share of 16%. The second place was acquired by the United States (US) with Rs 8,989 crore (9.6% share) followed by the United Kingdom (UK) with Rs 7,751 crore (8.3% share).

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