Economics · Economy
Consider the following statements regarding Alternative Investment Funds (AIFs) regulated in India: 1. Category I AIFs typically include venture capital funds, SME funds, and social venture funds. 2. Category II AIFs are permitted to undertake leverage or borrowing without any regulatory restrictions. 3. Category III AIFs may employ diverse complex trading strategies including leverage and derivatives. 4. AIFs are primarily regulated by the RBI under the Banking Regulation Act. Which of the above statements are correct?
- 11 and 2 only
- 21 and 3 only✓
- 32 and 4 only
- 41, 2 and 3 only
Correct answer
1 and 3 only
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