BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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51%
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74%
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100%
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0.49
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Detailed explanation-1: -"FDI limit has been raised from 26 percent to 49 percent by the Finance Minister which is definitely a positive move for the indigenous defence industry.
Detailed explanation-2: -Services sectors have attracted the highest Foreign Direct Investment flows into India during 2014-2015.
Detailed explanation-3: -In his about 6, 000 words long speech on the interim budget in the Parliament on February 17, the Finance Minister stated that the allocation for defence has been enhanced by 10 per cent from 2, 03, 672 crore in BE 2013-14 to 2, 24, 000 crore (about $37.15 billion) in 2014-15.
Detailed explanation-4: -2020, has liberalised and allowed FDI under automatic route up to 74% and up to 100% through Government route wherever it is likely to result in access to modern technology. Since the notification of revised FDI policy, the total FDI inflow reported till May, 2022 is approximately Rs. 494 Crores.