Which investment method allows NRIs/OCIs to invest in Indian chit funds?a) Repatriation basis investmentb) Non-repatriation basis investmentc) Foreign venture capital investmentd) Foreign direct investment

The investment method that allows Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) to invest in Indian chit funds is through Non-repatriation basis investment.

Here's a step-by-step explanation:

1. Repatriation basis investment: This method allows the investor to send back the investment income to their home country. However, NRIs and OCIs are not allowed to invest in Indian chit funds through this method.

2. Non-repatriation basis investment: This method does not allow the investor to send back the investment income to their home country. NRIs and OCIs can invest in Indian chit funds through this method.

3. Foreign venture capital investment: This is a type of investment that is made in businesses that are developing new, innovative technologies. This method is not applicable for investing in Indian chit funds.

4. Foreign direct investment: This is an investment made by a firm or individual in one country into business interests located in another country. This method is also not applicable for investing in Indian chit funds.

So, the correct answer is b) Non-repatriation basis investment.