πŸ“Š Financial Markets and Institutions
Q. 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?
  • (A) 1,2
  • (B) 2,3
  • (C) 1,3
  • (D) All
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βœ… Correct Answer: (C) 1,3

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