Question
The Government of India allowed automatic approval of
_____% of FDI by Reserve Bank of India in nine categories of industries.Solution
As of recent policy updates, the Government of India allowed up to 74% Foreign Direct Investment (FDI) under the automatic route by the Reserve Bank of India in certain industries, such as the defence and insurance sectors.
Which of the following statements is correct?
A. WMA were introduced to meet the long-term fund requirement of the central government
B. U...
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