The foreign equity limit was raised in 1991 from 40 per cent to:
A26 per cent
B51 per cent
C74 per cent
D100 per cent
Answer & Solution
Correct answer: B. 51 per cent
1. It applied to a wide range of priority industries.
2. The limit rose to 51 per cent.
3. The FIPB cleared large proposals.
_Source: syllabus Business Studies, Chapter 3, Business Environment._
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