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    Question

    SEBI has reduced the validity period of approval given

    to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to _______ months from six months at present. 
    A One Correct Answer Incorrect Answer
    B Two Correct Answer Incorrect Answer
    C Three Correct Answer Incorrect Answer
    D Four Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    SEBI has reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments to four months from six months at present.     If these funds fail to make investments within this time limit, then Sebi can allocate their unutilized limits to other applicant AIFs and VCs.

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