Multiple Choice Questions on Consider the following statements 1 Chit Funds are type of NBFC 2 All NBFCs are ruled by RBI 3 RBI s........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Consider the following statements 1 Chit Funds are type of NBFC 2 All NBFCs are ruled by RBI 3 RBI s...........

Economics- Phase (I & II) Non-banking Financial Institutions. 
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    Consider the following statements

    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.

    Which of the above statements is/are correct?

    1,2

    Incorrect Answer

    2,3

    Incorrect Answer

    1,3

    Correct Answer

    All

    Incorrect Answer
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    Explanation:

    Not all NBFCs are ruled by RBI.Some are under SEBI,IRDA etc.

    By: Jyoti Das
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