Multiple choice

The Union Cabinet took a decision on the insurance sector reforms, which could possibly see a hike in the foreign investment limit in private sector insurance companies from

  1. 26% to 49%

  2. 26% to 75%

  3. 26% to 84%

  4. 16% to 49%

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A Correct answer
Explanation

The insurance sector reforms in India involved raising the Foreign Direct Investment (FDI) cap in private insurance companies from 26% to 49%.