FDI in Retail

1) Which of the following statements is correct with respect to FDI in single brand retail segment?

a) 100% FDI is permitted under this segment of retail.
b) Companies with more than 51% foreign ownership must source 30% of the value of goods in India, preferably from MSME.
c) Both a and b
d) Neither a nor b

2) Which of the following exemptions has/have been provided from the domestic sourcing norms with respect to FDI in single brand retail segment?

a)Products having state-of-the-art and cutting-edge technology
b) Where local sourcing is not possible.
c) Both a and b
d) Neither a nor b

Answers

1) c
2) c

Reference : The Hindu