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Banking Sample Paper SBI PO (Main) Sample Test Paper-4

  • question_answer
    The provisions of the new Companies Act mandates all non-banking financial companies (NBFCs) for creation of a debenture-redemption reserve (DRR) equivalent to _______of debentures or bonds over the repayment term.

    A) 30 per cent        

    B) 35 per cent   

    C) 40 per cent                    

    D) 45 per cent   

    E) 50 per cent

    Correct Answer: E

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