How to solve Iift 2011 Question 116?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in IIFT exams.

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Iift 2011 Question 116

This is a detailed step-by-step solution for Iift 2011 Question 116. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT 2011

Explanation:
There is no such condition that foreign shareholding in the new bank shall not exceed 5% for the first 5 years placed in the ‘Draft Guidelines for Licensing of New Banks in the Private Sector’ issued by the Reserve Bank of India on 29th August 2011.
Hence, option C is the correct answer.

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