Consider the following statements A) Chit Funds are type of NBFC B) All NBFCs are ruled by RBI C) 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?

Related MCQs

• Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks.
• A Non-Banking Financial Company (NBFC) is a company registered under the _______.
• Which of the following does not have any roles in regulation of NBFCs?
• Which of the following activity is not permissible for NBFC?
• Which of the following is false about NBFC?
• Which agency regulates and supervises NBFCs?
• What is the full-form of NBFC?
• How many NBFC factors are there in India registered at present?
• Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true? A) The Act is not applicable to cooperative societies employing less than 50 persons working with the aid of power. B) It makes provision for pension scheme, including family pension. C) There is no wage limit to be covered under the Act. D) The Act has a provision relating to Employees’ Deposit-linked Insurance Scheme.
• Under this act, how many members are appointed by the Central Government in Central Board representing employees in the establishments to which the Scheme applies