Consider the following : 1. Foreign currency convertible bonds 2. Foreign institutional investment with certain conditions 3. Global depository receipts 4. Non-resident external deposits Which of the above can be included in Foreign Direct Investments?

Option (A) is correct because FCCBs and GDRs are equity-linked instruments treated as FDI, and FII is classified as FDI if the investment exceeds 10% of the post-issue paid-up equity capital of a company. NRE deposits are excluded because they are categorized as banking capital or debt liabilities in the Balance of Payments, rather than direct investment in the productive capacity of a firm. The core concept tested is the classification of foreign capital inflows based on the Mayaram Committee recommendations and RBI guidelines.