Economics · Financial System and Money Markets
Which of the following statements is/are correct? 1. Development Financial Institutions (DFIs) such as NABARD and SIDBI are established to provide long-term finance for industrial and infrastructure development. 2. Tri-Party Repo (TREP) was introduced in November 2018 as a collateralised money market instrument to replace the Collateralised Borrowing and Lending Obligation (CBLO). 3. Open-ended mutual fund schemes are required to declare their Net Asset Value (NAV) on every business day by 10 PM. Select the answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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