Start learning →

The foreign investment limit in banks was raised to around:

A74 percent
B26 percent
C100 percent
D49 percent
Answer & Solution
Correct answer: A. 74 percent
1. Private and foreign banks were allowed. 2. Foreign stakes were permitted up to a limit. 3. Around 74 percent. _Source: syllabus Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._
Practise this question with Quill — UPSC CSE →

Keep practising Taxation

Browse all Taxation questions for UPSC CSE, or explore more Economy topics.

Start a Taxation lesson →
Related questions
Reforms bingoType the numberWhich reformDirect or indirectSlice the reform wordsFind the real termPop the reform headsCatch the tax reforms