Question
Which of the following statements about Net Owned Fund
(NOF) requirement for ARCs is true? Refer to the following information to answer the next 4 questions (Q15 to Q17) The asset reconstruction industry is set to clock the best growth this fiscal as their asset under management is expected to increase by almost 10% to Rs 1.1 lakh crore. The 29-player ARC industry began its journey in the second half of 2002 and has since undergone radical regulatory changes and challenges. With the beginning of operation of public sector National Asset Reconstruction Co. and rising popularity of the Insolvency and Bankruptcy Code effective from May 2016 also pose challenge for the ARC industry. Another major challenge is the steep fall in banks' non-performing assets, which is set to fall to under 5% by March, down from over 11% in FY18. Assets under management of ARCs are set togrow 9.8% to a five-year high this fiscal, driven by a few large transactions to Rs 1.19 lakh crore.Solution
The minimum Net Owned Fund (NOF) for ARCs shall be Rs.300 crore on an ongoing basis from October 11, 2022. Therefore, option C is the correct answer. Options A, B, and D are incorrect as they provide incorrect information, and option E is incorrect as there is a change in the NOF requirement.
What are the potential consequences of high multicollinearity in a multiple regression model?
GNP exceeds NNP by:
Which of the following statements about contingent valuation is correct?
A bag contains 8 Black and 4 White balls. 10 balls were randomly selected from the Bag. What is the probability that out of the 10 balls selected at ran...
Which one of the following is not an assumption of Classical Linear Regression Model
When the slope of average cost is positive then which of the following holds
In classical linear regression model if we add in 90 in X and Y observation and re-estimate the regression model then slope coefficient
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
What is the investment multiplier when the marginal propensity to consume is 0.60 and the marginal propensity to import is 0.20
