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State PCS PYQPrelims 2020

UPPCS · Question 135

The limit of FPI investment in outstanding corporate bonds was raised in the Union Budget 2020-21 up to

  1. 9%
  2. 10%
  3. 12%
  4. 15%
Show answer & explanation

Answer: (D) 15%

Explanation

Budget 2020-21 raised the FPI limit in corporate bonds from 9% to 15% of the outstanding stock of corporate bonds.