Economics · Economy
With reference to Collective Investment Schemes (CIS) in India, consider the following statements: I. Any scheme or arrangement that satisfies the conditions laid down under Section 11AA of the SEBI Act, 1992, is classified as a CIS. II. Collective Investment Schemes are primarily regulated by the Reserve Bank of India. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II✓
- 2Both I and II
- 3II only
- 4I only
Correct answer
Neither I nor II
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