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With reference to the Union Budget 2021-22, consider the following statements:1. In order to increase the permissible FDI limit from 49% to 90% and to allow foreign ownership and control with safeguards, the government will amend the Insurance Act, 1938.2. In order to consolidate and take over the current stressed debt and then manage and dispose of the assets to Alternate Investment Funds, an Asset Reconstruction Company Limited and Asset Management Company would be set up.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Union Budget 2021-22, consider the following statements:1. In order to increase the permissible FDI limit from 49% to 90% and to allow foreign ownership and control with safeguards, the government will amend the Insurance Act, 1938.2. In order to consolidate and take over the current stressed debt and then manage and dispose of the assets to Alternate Investment Funds, an Asset Reconstruction Company Limited and Asset Management Company would be set up.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Union Budget 2021-22, consider the following statements:1. In order to increase the permissible FDI limit from 49% to 90% and to allow foreign ownership and control with safeguards, the government will amend the Insurance Act, 1938.2. In order to consolidate and take over the current stressed debt and then manage and dispose of the assets to Alternate Investment Funds, an Asset Reconstruction Company Limited and Asset Management Company would be set up.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.

Solutions for With reference to the Union Budget 2021-22, consider the following statements:1. In order to increase the permissible FDI limit from 49% to 90% and to allow foreign ownership and control with safeguards, the government will amend the Insurance Act, 1938.2. In order to consolidate and take over the current stressed debt and then manage and dispose of the assets to Alternate Investment Funds, an Asset Reconstruction Company Limited and Asset Management Company would be set up.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.

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