Q11 · UPSC current affairs · 8 October 2026 · PIB · India-U.S. Trade and Investment Engagement

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Consider the following statements regarding trade and investment administration in India:1.The Department for Promotion of Industry and Internal Trade (DPIIT) handles foreign direct investment policy approval and monitoring.2.The Ministry of Culture is responsible for handling international bilateral trade negotiations and foreign direct investment caps.Which of the statements given above is/are correct?

A Both 1 and 2
B Neither 1 nor 2
C 2 only
D 1 only

Correct answer: (d) 1 only

Explanation

Statement 1 is correct because DPIIT handles foreign direct investment policy approval and monitoring. Statement 2 is incorrect because bilateral trade and FDI policies are handled by the Ministry of Commerce and Industry (via DPIIT), not the Ministry of Culture.

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