2021
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
81%
|
|
|
74%
|
|
|
59%
|
|
|
100%
|
Detailed explanation-1: -"Among the host of expectations from the budget, the proposal to increase the FDI limit to 100 per cent in insurance is unlikely be introduced in the upcoming Budget, especially since the FDI limit has just been recently increased to 74 per cent.
Detailed explanation-2: -The regulator may allow 100% FDI in new lines of insurance business to expand the scope of the sector. At present, the upper limit for FDI is 74% into companies that write insurance cover.
Detailed explanation-3: -Total FDI inflows in the country in the second quarter of FY 2022 (July - September) is $ 16.6 Bn and total FDI equity inflows stands at $ 10.3 Bn. Singapore (27.01%), USA (17.94%), Mauritius (15.98%), Netherland (7.86%) and Switzerland (7.31%) emerge as top 5 countries for FDI equity inflows into India FY 2021-22.
Detailed explanation-4: -Parliament on 22 March 2021 passed the Insurance Amendment Bill 2021 to increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49% in an attempt to attract more overseas insurance players to India.