Banking Sample Paper SBI PO (Main) Sample Test Paper-9

  • question_answer
    We read about Nidhi companies in the financial newspapers. Which of the following is correct about such companies?

    A)  These companies are registered under section 620 A of the Companies Act.

    B)  They can take deposits from its members and give them loans.

    C)  These companies are also known as mutual benefit societies (MB S).

    D)  There is a cap for member enrolment in such companies.

    E)  None of these

    Correct Answer: D


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