Question

How much Foreign Direct Investment (FDI) in the country's defence sector was proposed in the Union Budget 2014-15 presented on July 10, 2014?

Options

• 51%

• 49%

• 60%

• 35%

Answer 1

49%

Explanation:
The government allocated ₹ 2.29 lakh crore for the Defence Ministry in the Budget 2014, marking an increase of around 12.5 per cent from the last fiscal as it raised the FDI limit in the defence sector up to 49 per cent from 26 per cent now.