Economics · Banking and Finance
Which of the following is a criterion for an organization to be recognized as a Self-Regulatory Organization (SRO) by the Reserve Bank of India (RBI) in financial markets?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The organization must have a single entity holding more than 10% of the paid-up share capital.
- 2The organization must be a government agency with no minimum net worth requirement.
- 3The organization must be a not-for-profit company with a minimum net worth of Rs. 10 crore and diversified shareholding.✓
- 4The organization must be a for-profit entity with a minimum net worth of Rs. 5 crore.
Correct answer
The organization must be a not-for-profit company with a minimum net worth of Rs. 10 crore and diversified shareholding.
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