Current Affairs · Mutual Funds Regulations
Which of the following statements is/are correct regarding the Cheque Writing Facility for investors of Money Market Mutual Funds (MMMFs) as per RBI/SEBI guidelines? Statement A: The facility is intended to allow investors to use the cheque writing option for third-party commercial payments. Statement B: The tie-up arrangement for the cheque writing facility must be made with a designated scheduled commercial bank. Statement C: The cheque writing facility is treated as a redemption of holdings and is typically restricted to a specified account/branch.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All statements are correct
- 2Statements A and C only
- 3Statements B and C only✓
- 4Only Statement A
Correct answer
Statements B and C only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Mutual Funds Regulations MCQs →Want more practice questions on Mutual Funds Regulations?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Mutual Funds Regulations