With reference to the Foreign Direct Investment (FDI), consider the following statements.
1. Foreign Direct Investment (FDI) is considered a significant source of non-debt financial resources for economic development.
2. Foreign Direct Investment (FDI) is mainly made with the objective of making quick profits by buying and selling shares, bonds and debentures.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2