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What was the previously allowed percentage of FDI for single-brand retail in a company before the amendment in January 2018?

1. 25%
2. 33%
3. 49%
4. 67%

Correct answer: 49%

Solution

Before the January 2018 amendment, the FDI limit for single-brand retail was 49%. The amendment later liberalized the policy further. Hence, the previously allowed percentage was 49%.

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