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Question

In January 2018, Government of India allowed _____ per cent FDI in single brand retail through automatic route

A
40
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B
51
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C
60
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D
100
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Solution

The correct option is C 100
A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.

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