FDI limit in insurance & railway operations & projects - General Economics & Indian Economy

Q.  Consider the following statements

1. Government to raise foreign direct investment (FDI) limit in the insurance sector to 49 percent.

2. Some railway operations and projects were allowed to receive up to 100 percent FDI.

Which of the above statements is/are true?
- Published on 30 Apr 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both

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