Question
Within one year of incorporation, what should be the
ratio of net owned funds to the deposits for Nidhi companies? Refer to the following information to answer the next 4 questions (Q9 to Q12) Nidhi Company is an NBFC (Non-Banking Financial Company). Nidhi in simple terms means a company which is formed with the object of cultivating the habit of thrift and savings. These are regulated entities and the rules and directions governing Nidhi Companies are issued from time to time. The formation of the Nidhi Company is very easy process. It requires only ____ members out of which 3 members would be the directors. The Nidhi company takes hardly 10-5 days to get registered. Also no. of the documents required for the registration are very less.Solution
Conditions to be satisfied by the Nidhi after incorporation [Rule 5] – Within a period of one year from the date of incorporation – a) The Nidhi Company should have minimum 200 members: and b) Net Owned Funds of Nidhi Company should be INR 10 Lakhs or more: and c) Unencumbered term deposits of not less than 10% of the outstanding deposits; and d) The ratio of Net Owned Funds to Deposits should not be more than 1:20.
Eight people are sitting in two parallel rows containing 4 people each in such a way that there is equal distance between adjacent persons. In row 1, D,...
Select the wrong term in the following number series:
9, 10, 19, 44, 93, 175
Four letter-clusters have been given, out of which three are alike in some manner and one is different. Select the one that is different.
Four of the following five are somehow similar and therefore create a group. Which of these is not related to this group?
BFJ, MQU, KPU, JNR, LPT
Select the option that is related to the third term in the same way as the second term is related to the first term.
Typhoid : Bacteria :: Influenza : ?
There is a family of six members. There are two married couples. X is a daughter of F, who has two children. F is the mother of Y. Y is the husband of ...
Six people C, D, E, K, L and M are each of a different height. E is shorter than only L. Only one person is shorter than C. K is shorter than D but tall...
Select the number from among the given options that can replace the question mark (?) in the following series.
612 615 621 630 642 ?
Three of the following pairs of letters follow a certain rule/logic/relation and hence are alike in a certain way. Select the incongruous one from the g...
Statements:
All notebooks are stationeries.
Some stationeries are pencils.
All pencils are costly.
Conclusions:
I...
