The 'FDI' in multi-brand retail is allowed up to what percentage? MCQ with Answer and Explanation

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The 'FDI' in multi-brand retail is allowed up to what percentage?

A. 74%

B. 49%

C. 100%

D. 51%

Answer: Option D

Solution (By JKSSB Mock Tests)

FDI in multi-brand retail is allowed up to 51% under government approval.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a feature of the capital account convertibility?

A. Only export-related convertibility

B. Freedom to convert local currency into foreign currency for current account transactions only

C. Complete ban on capital flows

D. Freedom to convert local financial assets into foreign financial assets and vice versa

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Correct Answer: Option D

Explanation:
Capital account convertibility allows residents and non-residents to convert local currency into foreign currency and transfer capital freely for investment and other capital transactions.

This question belongs to: Economy GK Economy Set 1

Question #2

The law of variable proportions is associated with the:

A. very long run

B. long run

C. all time periods equally

D. short run

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Correct Answer: Option D

Explanation:
The law of variable proportions operates in the short run when at least one factor is fixed.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'industrial relations code' was passed in which year?

A. 2019

B. 2021

C. 2022

D. 2020

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Correct Answer: Option D

Explanation:
The Industrial Relations Code was passed in 2020.

This question belongs to: Economy GK Economy Set 1

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