As per the reports published in various newspapers, the Reserve Bank of India has directed all core investment companies in India to register themselves with it if their asset size is 100 crore or more. Which of the following is True about the Core Investment Companies (CICs) ? CICs are non-banking finance companies. CICs invest in shares for the purpose of taking stake in a company rather than for trading. CICs are required to register with RBI as most of them were found involved in business in foreign countries and not in India.

As per the reports published in various newspapers, the Reserve Bank o

1.	As per the reports published in various newspapers, the Reserve Bank of India has directed all core investment companies in India to register themselves with it if their asset size is 100 crore or more. Which of the following is True about the Core Investment Companies (CICs) ? CICs are non-banking finance companies. CICs invest in shares for the purpose of taking stake in a company rather than for trading. CICs are required to register with RBI as most of them were found involved in business in foreign countries and not in India.
A.	Only 1
B.	Only 1 and 2
C.	Only 2 and 3
D.	All 1, 2 and 3
E.	None of these
Answer» C. Only 2 and 3

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