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    Question

    RBI has asked all ARCs (Asset Reconstruction Companies)

    to have a minimum Net Owned Fund (NOF). What is the amount of NOF and by which date?
    A 1) Rs.100 Cr by 2019 Correct Answer Incorrect Answer
    B 2) Rs.100 Cr by 2020 Correct Answer Incorrect Answer
    C 3) Rs.500 Cr by 2019 Correct Answer Incorrect Answer
    D 4) Rs.500 Cr by 2020 Correct Answer Incorrect Answer
    E 5) Rs.1000 Cr by 2020 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) said all the existing asset reconstruction companies (ARCs) must have a minimum corpus of Rs100 crore by March 2019.

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