Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Foreign Investment Limit in Banks
After reforms, the foreign investment limit in banks was raised to around:
- 26 per cent
- 49 per cent
- 74 per cent — Correct Answer
- 100 per cent
Explanation:
Correct Answer Explanation
Foreign investment limit in banks was raised to around 74 per cent.
Key Points:
- Reform policies led to establishment of private sector banks — Indian as well as foreign.
- Banks meeting certain conditions got freedom to set up new branches without RBI approval.
- FIIs (merchant bankers, mutual funds, pension funds) now allowed to invest in Indian financial markets.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
