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Question

FDI in private sector banking sector is allowed up to _______,

A
26%
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B
49%
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C
74%
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D
100%
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Solution

The correct option is C 74%
FDI stands for Foreign Direct Investment. FDI refers to the investment made by an individual or firm from one country into business interests of different country. FDI in private sector banking sector is allowed up to 74% in India.

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