Are the statements given below the subset of the third category of FDI? I. It consists of sectors where automatic approval is granted for FDI (often foreign equity participation less than 100 per cent) II. It consists of sectors where prior approval from the Foreign Investment Approval Board (FIPB) is required

Are the statements given below the subset of the third cate

1.	Are the statements given below the subset of the third category of FDI? I. It consists of sectors where automatic approval is granted for FDI (often foreign equity participation less than 100 per cent) II. It consists of sectors where prior approval from the Foreign Investment Approval Board (FIPB) is required
A.	Only I
B.	Only II
C.	Both I & II
D.	Neither I & II
Answer» D. Neither I & II