FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the minimum Net Owned Fund ( NOF ) requirement for an NBFC to obtain registration with the RBI? A . Rs . 5

image text in transcribed
What is the minimum Net Owned Fund (NOF) requirement for an NBFC to obtain registration with the RBI?
A. Rs.5Cr
B. Rs.10cr
C. Rs.15Cr
D. Rs.20Cr
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools for Business Decision Making

Financial Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

5th Canadian edition

978-1118024492

More Books

Students also viewed these Accounting questions

Question

★★★★★
An inventor has developed a refrigeration unit that maintains the cold space at 14 F, while operating in a 77 F room. A coefficient of performance of 8.5 is claimed. How do you evaluate this?

Answered: 1 week ago

Question

★★★★★
Use the following adjustment data on March 31 to complete a partial worksheet up to the adjusted trial balance (see Figure 4.25 on page 136). a. Fitness supplies on hand, $1,400. b. Depreciation...

Answered: 1 week ago

Question

★★★★★
Assertiveness Review the assertiveness tips presented in the chapter, then recall a situation in which you had, or still have, difficulty being assertive. Describe the situation and examine what...

Answered: 1 week ago

Question

★★★★★
Forecasts and actual sales of MP3 players at Just Say Music are as follows: a. Plot the data and provide insights about the time series. b. What is the forecast for November, using a two-period...

Answered: 1 week ago

Question

★★★★★
1. West Corp. issued 17-year bonds 2 years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM?...

Answered: 1 week ago

Question

★★★★★
Mike has a 2000 USD, he decides to invest some of it in US bonds. Mike lives in the US, the starting point is year 0. The real interest rate is estimated to be 2% at year 0. Some financial experts...

Answered: 1 week ago

Question

★★★★★
totaling 10 marks. Question 31 2 Points CASE: Noora is against smoking. She has seen how this bad habit can negatively affect health. Noora's father was a smoker, and he died a few years ago because...

Answered: 1 week ago

Question

★★★★★
1 8 . 2 . in surveting What are the steps required to provide a vertical location layout for ( a ) a one - story building or ( b ) a multistory building? List the steps in point form

Answered: 1 week ago

Question

★★★★★
Question 1-9 marks One of the most popular buzzwords in business today is the word "Kaizen". It is a Japanese word meaning "incremental improvement. Kaizen was formalized by the Toyota Production...

Answered: 1 week ago

Question

★★★★★
As strategic partners, how human resource managers approach change management, based on organizational structure, culture? Also, how knowing different functional areas of an organization (e.g.,...

Answered: 1 week ago

Question

★★★★★
Per case, Obermeyer s initial production commitment is at least 1 0 , 0 0 0 units. To get some more understanding, we\'ll change this slightly, to 1 2 , 0 0 0 units. Which styles should be produced...

Answered: 1 week ago

Question

★★★★★
Consider the most complex project you've ever been involved in. Briefly describe the project, giving examples of the following as they pertain to the project: The work breakdown structure Tasks...

Answered: 1 week ago

Question

★★★★★
What is operating leverage? How is knowing the degree of operating leverage (DOL) helpful to managers? LO1

Answered: 1 week ago

Question

★★★★★
Contribution margin, gross margin, and margin of safety. Mirabel Cosmetics manufactures and sells a face cream to small family-run stores in the greater Montreal area. It presents the monthly...

Answered: 1 week ago

Question

★★★★★
Gross margin and contribution margin. The Museum of Art is preparing for its annual appreciation dinner for contributing members. Last year, 500 members attended the dinner. Tickets for the dinner...

Answered: 1 week ago

Previous Question Next Question