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The maximum FDI permitted under the AUTOMATIC route in 'Insurance Intermediaries' is:
Answer & Solution
Correct answer: B.
1. FDI Policy — Insurance intermediaries (brokers, surveyors, third-party administrators) have a 100% FDI cap under the automatic route.
2. Insurance companies themselves have a 74% cap (post-2021).
3. Hence (C).
_Source: ICAI BoS CA Inter Paper 2 — FEMA 1999_