Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy External Sector and Currency Exchange rate
With reference to foreign investments, consider the following statements:
1. Foreign Direct Investment (FDI) in the defence sector is allowed up to 74% through an automatic route.
2. In India, FII beyond 10% of the paid-up capital of a company is construed as Foreign Direct Investment (FDI).
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2