Which statement is correct regarding FERA 1973? I. The Foreign Exchange and Regulation Act (FERA) was passed in 1980. II. This resulted in a tremendous shift in the foreign investment policy of the Government of India. III. Foreign Investment was allowed in only those industries that were directly into exports.

Which statement is correct regarding FERA 1973? I. The Fore

1.	Which statement is correct regarding FERA 1973? I. The Foreign Exchange and Regulation Act (FERA) was passed in 1980. II. This resulted in a tremendous shift in the foreign investment policy of the Government of India. III. Foreign Investment was allowed in only those industries that were directly into exports.
A.	I & II
B.	Only III
C.	II & III
D.	All the above
Answer» D. All the above