BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Unimax Agrotech Ltd
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Asia Agrotech Corp. Ltd
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Omaxe Agrotech Corp. Ltd
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Pearls Agrotech Corp. Ltd
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Detailed explanation-1: -In August last year, Sebi ordered PACL, formerly known as Pearl Agrotech Corp., to refund at least ₹ 29, 420.65 crore raised from 58.5 million customers through collective investment schemes.
Detailed explanation-2: -Applicants or promoters of CIS should have a soundtrack record in all their business transactions. Minimum 20 investors and a subscription amount of at least ₹20 crores is mandated by SEBI for each CIS. At present, there are no rules regarding a minimum number of investors or minimum subscription amount.
Detailed explanation-3: -When you invest in a real estate investment trust (REIT), your money is pooled together with other investors’ in a collective investment scheme that invests in a portfolio of income generating real estate assets such as shopping malls, offices, hotels or serviced apartments.
Detailed explanation-4: -A ‘collective investment’ scheme is where two or more members of the public invest money, or other assets together. They hold an interest in the investment and share the risk and the benefit in proportion to their investment. Common examples are unit trusts, mutual funds, and so forth.