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?

Related MCQs

• Which of the following statements is/are correct? 1. NBFCs does not hold a banking license. 2. NBFC can issue Demand Drafts like banks.
• Which of the following NBFC converted itself into a commercial Bank?
• Which agency regulates and supervises NBFCs?
• Which among the following was set up by RBI in 1988 jointly with public sector banks and all India Financial Institutions to develop the money market & provide liquidity to money market instruments as sequel to Vaghul Working Group recommendations?
• In borrowing and lending of federal funds, the federal funds rate is result of function between
• In borrowing and lending of federal funds, federal funds rate is result of function between
• A large number (about 25%) of long-term mutual funds are _____________ funds, buying securities in proportions similar to those of a major stock index.
• Any company making a public issue of value of more than Rs. ———— is required to file a draft offer document with SEBI.
• Jaykant is holding hundred shares of a company. He has been given a privilege offer to subscribe to a new issue of shares of the same company in proportion of 2:1 to the number of shares already possessed by him. Identify the method of floatation being described in the above case.
• The value of assets held by commercial banks in 2001 was $6.7 trillion dollars, making commercial banks the