Through which one of the following source(s), Indian companies are allowed to access funds from abroad? (A) External Commercial Borrowings (ECB) only (B) Foreign Currency Convertible Bonds (FCCBs)/Foreign Currency Exchangeable Bonds only (C) Preference Shares only
As per the reports published in various newspapers, the Reserve Bank of India has directed all core investment companies in India to register themselves with it if their asset size is Rs. 100 crore or more. Which of the following is True about the Core Investment Companies (CICs) ? (A) CICs are non-banking finance companies. (B) CICs invest in shares for the purpose of taking stake in a company rather than for trading. (C) CICs are required to register with RBI as most of them were found involved in business in foreign countries and not in India.