2 years ago in Daily GK Current Affairs

Read the following statements:-

1. The Reserve Bank of India, in consultation with the Government, hiked the foreign portfolio investors (FPI) investment limit in Central government securities (G-Sec).

2. FPIs will now be allowed to invest up to 5.5% of outstanding stock of G-secs in 2018-19 and 6% of outstanding stock of securities in 2019-20.

3. The central bank also set a 9% limit for FPI investment in corporate bonds.

Which of the above statement/statements is/are true?

[A] Only 1
[B] Only 2
[C] Only 3
[D] All of the above
[E] None of the above
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