NBFC: rules & regulation - General Economics & Indian Economy

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?

- Published on 30 Apr 15

a. 1,2
b. 2,3
c. 1,3
d. All

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

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