FDI in defense sector - General Economics & Indian Economy

Q.  Consider the following statements

1. FDI limit of 26% in defence sector raised to 49% under Government approval route.

2. Foreign Portfolio Investment up to 24% permitted under automatic route.

3. FDI beyond 49% is also allowed on a case to case basis with the approval of Cabinet Committee on Security.

Which of the above statements are correct?
- Published on 30 Apr 15

a. 1,3
b. 1,2
c. 2,3
d. All

ANSWER: All

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