Question : How much the amount should be made DRFI ........................................... of the nominal (face) value of the debentures to be redeemed during the year ending March 31 of the next year.
Option 1: 25%
Option 2: 15%
Option 3: 50%
Option 4: 100%
Correct Answer: 15%
Solution : Answer = 15%
Debentures Redemption Investment (DRI) should be made of an amount at least equal to 15% of the nominal (face) value of the debentures to be redeemed during the year ending March 31 of the next year.
Hence, the correct option is 2.