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Commerce · Q976

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 976

Q976

Which of the following statement/s is/are correct? 1. Chit Funds are type of NBFC 2. All NBFCs are ruled by RBI 3. RBI said any purchase of a stake of 26% or more in a company, or a change in more than 30% of its directors, would need the central bank's permission.

A.
1 and 2
B.
2 and 3
C.
1 and 3
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
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