Previous year MCQs

Current Affairs UPPSC 1995 GS-I
Question

Foreign Equity holding allowed in small scale sector in 1995-96 is:

Answer & Solution

Answer: (Detailed Solution Below)

Option B: 24%

Detailed Solution:

The correct answer is “24%”.
In 1995-96, the Foreign Equity holding allowed in the small scale sector was restricted to 24%. This was part of the gradual liberalization of the Indian economy that began in the early 1990s.

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