Home PYQs UPPSC UPPSC MCQs Prelims 1995 (GS Paper I)

Question

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

  1. 35%
  2. 24%
  3. 49%
  4. 51%

Answer:

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.