Question

What is the total backstop facility provided by the Corporate Debt Market Development Fund (CDMDF)?

A Rs 15,000 crore Correct Answer Incorrect Answer
B Rs 25,000 crore Correct Answer Incorrect Answer
C Rs 30,000 crore Correct Answer Incorrect Answer
D Rs 33,000 crore Correct Answer Incorrect Answer
E Rs 45,000 crore Correct Answer Incorrect Answer

Solution

As per the provided information, the CDMDF offers a backstop facility of Rs 33,000 crore, established specifically for Mutual Funds. This fund comprises a contribution of Rs 30,000 crore from the government and Rs 3,000 crore from Asset Management Companies.

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