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    Question

    According to the Master Circular on KYC norms issued in

    January 2024, what is the minimum denomination for the issuance of Non-Convertible Debentures (NCDs)?
    A тВ╣2 lakh Correct Answer Incorrect Answer
    B тВ╣3 lakh Correct Answer Incorrect Answer
    C тВ╣5 lakh Correct Answer Incorrect Answer
    D тВ╣10 lakh Correct Answer Incorrect Answer
    E тВ╣1 lakh Correct Answer Incorrect Answer

    Solution

    ┬а The circular "Master Direction on KYC" specifies that NCDs must be issued in a minimum denomination of тВ╣5 lakh and in multiples thereof.

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