WBCS.LIVE practice question

Which sector is estimated highest with respect to FDI during 2014ā€“2015 in India?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Manufacturing
  2. Financial Services
  3. Retail and Wholesale trade
  4. None of the above

Correct answer and explanation

Correct answer: Financial Services

Explanation: āœ… Correct Answer: B. Financial Services šŸ“š Explanation: During the 2014-2015 period, the 'Financial Services' sector received the highest amount of Foreign Direct Investment (FDI) in India. This includes investments in banking, insurance, and other financial institutions. The growth was driven by economic reforms and the increasing potential of India's financial markets. This sector is a major pillar of the national economy and attracts significant global capital.