Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  When did the private companies got the permission to set up Mutual Funds?

a. 1992
b. 1993
c. 1994
d. 1982


ANSWER: See Answer
 
In 1992 private companies also got permission to setup Mutual Funds and SEBI (Mutual Funds) Regulation 1993 provides guidelines for registration, constitution, management and schemes of Mutual Funds in India.
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