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Directions (1 - 5) : Rearrange the following six sentences (A), (B), (C), (D) and (E) to make a meaningful paragraph and answer the questions that follow.
(A) As per the extant policy, FDI up to 100 per cent is allowed, under the automatic route, in most of the sectors/activities.
(B) Government of India embarked upon major economic reforms since mid-1991 with a view to integrating with the world economy and to emerge as a significant player in the globalization process.
(C) Investors are only required to notify the regional office concerned of RBI within 30 days of receipt of inward remittances and file the required documents with that office within 30 days of issue of shares to foreign investors.
(D) Reforms undertaken include decontrol of industries from stringent regularly process, simplification of investment procedures, promotion of FDI, liberalisation of exchange control, rationalisation of taxes and public sector divestment.
(E) FDI under the automatic route does not require prior approval either by the government of the RBI.
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