In 2014 FDI has increased foreign investments upper limit from 26% to _____ in the insurance sector.

49%

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50%

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53%

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35%

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Solution

The correct option is A 49%
FDI stands for foreign direct investment. According to it, foreign companies invest directly in fast growing business areas to make use of cheaper wages and changing business environment. In 2014 FDI has increased foreign investments upper limit from 26% to 49% in insurance sector.

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Q. From 2005 FDI limit in certain services of telecom sector was increased from 49% to __________.

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14. Consider the following statements,
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Which of the above statements is/are correct?

Q. Choose the correct answer form the alternatives given.
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Pick the error from the following news clipping:

Apart from being a critical driver of economic growth, foreign direct investment (FDI) is a major source of non-debt financial resource for the economic development of India. Foreign companies invest in India to take advantage of relatively lower wages, special investment privileges such as tax exemptions, etc. For a country where foreign investments are being made, it also means achieving technical know-how and generating employment. The top five sector wise FDI inflows would include telecom, transport, defense, computers and trading.

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