Q: 96 (IAS/2003)

Consider the following statements:
1. The maximum limit of shareholding of Indian promoters in private sector banks in India is 49 per cent of the paid up capital.
2. Foreign Direct Investment up to 49 per cent from all sources is permitted in private sector banks in India under the automatic route. Which to these statements is/are correct?
question_subject: 
Economics
question_year: 
2003
question_exam: 
IAS
question_sub_subject: 
Indian Economics
question_topic: 
Foreign Investment/ Foreign Trade
stats: 
0,704,2656,512,688,1456,704