FDI involves establishing business operations or acquiring business assets, including establishing ownership or controlling interest in a foreign enterprise. The other options are incorrect interpretations of the acronym.
FDI stands for
Asked in Assistant Conservator of Forest (ACF) 2012 · Topic: Nature of Indian Economy (Openness of Economy and Integration with Global Markets)
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- Assertion [A]: Lien is the right to retain possession of goods and refuse to deliver them to the buyer until the price due in respect of them is paid or tendered. Reason [R]: An unpaid seller in possession of goods is entitled to exercise his lien on the goods where the goods have been sold without any stipulation as to credit.
- Assertion [A]: 'Goods' means every kind of movable property including actionable claims and money and excludes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under contract of sale. Reason [R]: Above principle is laid down in Section 2(7) of the Sale of Goods Act, 1930.
- X sold goods to Y. The payment was to be done after one month. Y did not make payment. The right of lien can be exercised by X when the goods are: (i) Handover to the carrier (ii) Not handed over to anyone (iii) Delivered to Y (iv) Either (ii) or (iii)