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                                    Q16. Consider the following statements: 1. Permanent residency refers to a person’s visa status, i.e. the person is allowed to reside indefinitely within a country of which he or she is not a citizen. 2. To avail PRS in India, the foreign investor will have to invest a minimum of Rs.10 crore to be brought within 18 months or Rs.25 crore to be brought within 36 months. Which of the following statements are correct? | 
                            
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Answer»  Q16. Consider the following statements: 1. Permanent residency refers to a person’s visa status, i.e. the person is allowed to reside indefinitely within a country of which he or she is not a citizen. 2. To avail PRS in India, the foreign investor will have to invest a minimum of Rs.10 crore to be brought within 18 months or Rs.25 crore to be brought within 36 months. Which of the following statements are correct?  | 
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