BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Forward Markets Commission (FMC)
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Financial Management Association (FMA)
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Innovators Growth Platform (IGP)
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Innovators Trading Platform (ITP)
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Detailed explanation-1: -The NSE’s Innovators Growth Platform (IGP) is a significant step towards building a real-time, liquid public market platform for new economy companies both for raising funds as well as exploring exits.
Detailed explanation-2: -ITP is a credible platform for start-ups and growing companies to list and showcase their performance to their lenders and potential investors, with or without an IPO (Initial Public Offer).
Detailed explanation-3: -For the purpose of IGP, the following entities shall be eligible to be considered as AIs: Any individual with total gross income of INR 5, 000, 000 (Rupees fifty lakhs only) annually and who has minimum liquid net worth of INR 50, 000, 000 (Rupees five crores only); or.
Detailed explanation-4: -SEBI has reduced the shareholding period for investors owning 25 percent in startups before listing to one year from two years. It has also recommended a higher share of allotment of up to 60 percent of issue size to anchor investors, with a lock-in of 30 days on such shares.