Question : Choose which of the following statements is not correct.

Option 1: Debentures Redemption Investment is made by all companies redeeming the debentures.

Option 2: All India Financial Institutions (AIFIs), Banking Companies and Other Financial Institutions are not required to set aside amount to Debentures Redemption Reserve.

Option 3: Unlisted NBFCs and HFCs are not required to invest 15% of Outstanding Debentures in Specified Securities.

Option 4: Debentures Redemption Reserve can be used only for redemption of debentures.

Question : Puran  Store Ltd., an Unlisted Company, is to redeem 5000,8% Debentures of Rs. 100 each on 30th June 2020. It has a balance of Rs. 10,000 in Debentures Redemption Reserve. It decides to set aside the amount to Debentures Redemption Reserve on 31st March 2020 on which date it has

following Reserves and Surplus:   Rs.
Securities Premium Reserve 25,000
Capital reserve Rs 20,000
General Reserve 30,000; and
Surplus, i.e., Balance in Statement of Profit and Loss 30,000
Balance Rs. 40,000 can be set aside to Debentures Redemption Reserve from:

Option 1: Capital Reserve and General Reserve

Option 2:  Capital Reserve and Securities Premium Reserve

Option 3: General Reserve and Surplus, i.e., Balance in Statement of Profit and Loss

Option 4: Securities Premium Reserve and Surplus, i.e., Balance in Statement of Profit and Loss

Question : Hindustan Housing Finance Ltd., an unlisted company, has outstanding 20,000, 8% Debentures of Rs. 100 each redeemable at a premium of Rs. 10 each. Out of these, 5,000 debentures are to be redeemed on 31st December, 2020. Debentures Redemption Reserve should be

Option 1: Rs. 1,37,500

Option 2: Rs. 2,50,000

Option 3: Nil

Option 4: Rs. 3,50,000

Question : Which of the following institutions is responsible for regulating and supervising the functioning of housing finance companies in India?

Option 1: Securities and Exchange Board of India (SEBI)

Option 2: National Housing Bank (NHB)

Option 3: Reserve Bank of India (RBI)

Option 4: None of the above

Question : Which of these Micro Finance Institutions (MFIs) are not regulated by the Reserve Bank of India (RBI)?

Option 1: Small finance bank-led MFIs

Option 2: Bank-led MFIs

Option 3: NBFC MFIs

Option 4: Non-profit MFIs