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SSC CPO 2019 PYQ — Question 100

SSC CPO Tier I - 12th December 2019 - Shift 1 • General Awareness • Q100

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In which of the following sectors, 100% FDI in equity in India is NOT permitted as per India’s FDI policy?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Multi-brand product retail trading.

  • FDI stands for Foreign Direct Investment.
  • Foreign direct investment is an investment in the form of controlling ownership in a business in one country by an entity based in another country.
  • Multi-Brand Retail refers to a business that sells goods to individual customers and such goods can carry several different brands.
  • Only 51% of FDI is allowed in multi-brand retail.
  • India permits foreign direct investment (FDI) in the multi-brand retail sector with a cap of 51 percent ownership by overseas players.