Multiple choice

The Union government had decided to increase the Foreign Direct Investment (FDI) limit in insurance firms from 26% to ________.

  1. 49%

  2. 54%

  3. 64%

  4. 34%
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A Correct answer
Explanation

The Union government decided to increase the Foreign Direct Investment (FDI) limit in insurance firms from 26% to 49%. This was a significant reform aimed at bringing more capital into the insurance sector. The move was part of broader economic liberalization and required amendments to insurance laws. Insurance is a sensitive sector in India, so this increase was carefully calibrated. The other options (34%, 54%, 64%) are incorrect - the approved limit was 49%.

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