As per the circular of the RBI, what is correct about the core investment companies?
A.All those non-banking finance companies, which invest not less than 90% of their total
assets in the form of shares and securities for non-trading purposes.
B.All the corporate houses with net-owned funds not less than Rs. 2,000 crore invested in the
core sector for at least 10 years.
C.Both (a) and (b) correct.
D.None of these
Answer: A
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