Home › CBSE Class 12 (Commerce) › Business Studies › Business Environment › In 1991, the limit on foreign equity was raised …
In 1991, the limit on foreign equity was raised from 40 percent to:
A74 percent
B100 percent
C51 percent
D49 percent
Answer & Solution
Correct answer: C. 51 percent
Foreign equity holding in a wide range of priority industries was raised from 40 to 51 percent.
Related questions
What did the MRTP Act amendment do for large companies?The World Bank Structural Adjustment Loan of April 1992 was worth:Which scheme of October 1991 mobilised over $2 billion from funds held abroad?The LERMS of 1991 set up which exchange rate arrangement?Import entitlements linked to export earnings were called:How many areas reserved for the public sector were opened to private firms?About what share of industries was delicensed in the early reforms?Which environmental change may make existing products obsolete?