With reference to Foreign institutional investment in India, which one of the following statement is correct?
1
Foreign Institutional Investor (FII) means an institution established or incorporated outside India which proposes to make investment in securities in India
2
FIIs are allowed to invest in India's primary capital markets only.
3
FIIs can include investment banks, and mutual funds only.
4
Foreign Institutional Investors (FII), such as merchant bankers, mutual funds, and pension funds, are not allowed to invest in Indian financial markets.