Question

According to New Industrial Policy, 1991 approval will be given for direct foreign Investment upto _________ of foreign equity in high priority industries.

• A. 51 per cent
• B. 25 per cent
• C. 32 per cent
• D. 41 per cent

Answer 1

The correct option is A 51 per cent

According to New Industrial Policy, 1991 approval will be given for direct foreign investment up to 51% of foreign equity in high-priority industries. New Industrial Policy was adopted by the Government of India in the year of 1991. It was adopted in order to create a more freer and competitive economy.

Hence, option (A) is the correct answer.