Which of the following is/are not FDI policy change(s) after 2010?
1. Permission of 100 percent FDI in the automotive sector.
2. Permitting foreign airlines to make FDI up to 49 percent.
3. Permission of up to 51 percent FDI under the government approval route in multi-brand retailing, subject to specified conditions.
4. Amendment of policy on FDI in single-brand product retail trading for aligning with global practices.
1 only
2 and 4 only
1 and 2 only
1, 2 and 3 only
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC NDA-1 – 2016
Statement 1: Permission of 100% FDI in the automotive sector was already permitted under the automatic route well before 2010. Therefore, this was not a policy change *after* 2010.
Statement 2: Permitting foreign airlines to make FDI up to 49% in domestic carriers was a policy change implemented in September 2012. This occurred *after* 2010.
Statement 3: Permitting up to 51% FDI under the government approval route in multi-brand retail was a policy change implemented in September 2012. This occurred *after* 2010.
Statement 4: Amendment of policy on FDI in single-brand retail trading for aligning with global practices has seen changes *after* 2010 (e.g., further liberalization to 100% under automatic route with certain conditions).
Thus, only statement 1 describes a policy situation that existed before 2010 and was not a *new* change after 2010 among the options listed.
– Specific sector caps and approval routes change over time.
– 100% FDI in the automotive sector under the automatic route has been a longstanding policy.
– Permitting FDI in sectors like multi-brand retail and by foreign airlines were significant policy shifts made after 2010.