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Commerce · Q329

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 329

Q329

Which of the following statement/s is/are correct regarding Nidhi companies? 1. Nidhi companies can borrow and lend to the members only. 2. They are registered under the Companies Act and are regulated by the Ministry of Cooperate Affairs. 3. They are included under NBFCs and are also regulated by the RBI.

A.
1 and 2
B.
1 and 3
C.
All of the above
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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