[amp_mcq option1=”1 and 2″ option2=”1 and 3″ option3=”All of the above” option4=”None of the above” correct=”option3″]
The correct answer is: C. All of the above
Nidhi companies are a type of non-banking financial company (NBFC) that are registered under the Companies Act and are regulated by the Ministry of Corporate Affairs. They are also included under the purview of the Reserve Bank of India (RBI) and are subject to its regulations.
Nidhi companies can borrow and lend money to their members, and they can also invest in other financial instruments. They are typically used by small businesses and individuals to meet their short-term financial needs.
Here is a brief explanation of each option:
- Option 1: Nidhi companies can borrow and lend to the members only.
This is correct. Nidhi companies are allowed to borrow and lend money to their members only. They are not allowed to lend money to the general public.
- Option 2: They are registered under the Companies Act and are regulated by the Ministry of Cooperate Affairs.
This is also correct. Nidhi companies are registered under the Companies Act and are regulated by the Ministry of Corporate Affairs. They are required to comply with all the laws and regulations that apply to companies.
- Option 3: They are included under NBFCs and are also regulated by the RBI.
This is also correct. Nidhi companies are included under the purview of the Reserve Bank of India (RBI) and are subject to its regulations. They are required to comply with all the laws and regulations that apply to NBFCs.
Therefore, all of the above statements are correct.