Consider the Following Statements

question 8

Multiple Choice

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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Definitions:

Currency Exchange Rates

How much one currency is valued when converting to a different currency.

Estate Distribution

The process of dividing and allocating an individual's assets and properties after their death, according to their will or the laws of intestacy.

Sales Ratio

A metric used in business and finance to assess the efficiency of sales relative to various factors such as inventory levels, asset base, or overall market size.

Department Forecasting

Department Forecasting involves projecting future sales, budgets, or expenses for a specific department within an organization, aiding in strategic planning and resource allocation.