Current Affairs · Banking and Finance
What is the minimum Net Owned Fund (NOF) required by an applicant to grant a license for a single branch Full-Fledged Money Changer (FFMC) as per RBI guidelines?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹10 lakh
- 2₹50 lakh
- 3₹1 crore
- 4₹25 lakh✓
Correct answer
₹25 lakh
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