Multiple choice

In a major move for the aviation sector, the government on 14th Sept 2012 decided to allow foreign investment up to ____________ percent in local carriers.

  1. 26

  2. 49

  3. 51

  4. 74

  5. 85
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Government of India decided on September 14, 2012 to allow foreign airlines to invest up to 49% in Indian carriers. This was a significant policy change that opened up the aviation sector to foreign direct investment, allowing global airlines to pick up stakes in Indian domestic carriers.

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