Multiple choice general knowledge

The Insurance Laws (Amendment) Bill, 2008 which had been introduced in the Rajya Sabha last December during the previous United Progressive Alliance (UPA) regime proposes to raise the foreign equity cap in the insurance sector from 26 % to _______?

  1. 49%

  2. 51%

  3. 100%

  4. 75%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Insurance Laws (Amendment) Bill proposed increasing the Foreign Direct Investment (FDI) limit in the insurance sector from 26% to 49%, a move intended to bring more capital and global expertise to the Indian market.

Keep practicing — related questions