Limit of investment for outstanding corporate bond for Foreign Portfolio Investment in Union Budget 2020-21 has been extended upto

1. A

   9%

   9 per cent was the earlier FPI ceiling in corporate bonds, not the 2020–21 Budget extension.

2. B

   10%

   10 per cent is a round figure, not the keyed limit.

3. C

   12%

   12 per cent is another distractor between the old 9 per cent and the new 15 per cent.

4. D

   15%

   Union Budget 2020–21 raised the FPI limit in outstanding corporate bonds to 15 per cent. That is the official key.

Summary. Official key is (d) 15%. The 2020 Budget also eased certain FPI routes to deepen the bond market. Honour the stored letter (d).