Limit of FDI in Insurance sector:

A. 74%

B. 50%

C. 49%

D. 51%

Answer: Option A

Solution(By Examveda Team)

Parliament on 22 March 2021 passed the Insurance Amendment Bill 2021 to increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49% in an attempt to attract more overseas insurance players to India.