BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Securities and Exchange Board Of India Act, 1992
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RBI Act, 1934
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Indian Trusts Act, 1882
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Indian Registration Act, 1908.
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Detailed explanation-1: -The Mutual Fund is constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882 by the Sponsor. The trust deed is registered under the Indian Registration Act, 1908. Trustee: Trustee is usually a company (corporate body) or a Board of Trustees (body of individuals).
Detailed explanation-2: -There are three types of trusts in India: Public Trust. Private Trust. Public Cum-Private Trust.
Detailed explanation-3: -ACT NO. 52 OF 1963 [ 30th December, 1963]. An Act to provide for the establishment of a Corporation with a view to encouraging saving and investment and participation in the income, profits and gains accruing to the Corporation from the acquisition, holding, management and disposal of securities.