CENTRE’s recent ordinance banning unregulated monthly DEPOSIT schemes will not affect the ongoing monthly schemes operated by jewellery and CHIT fund firms.Called the ‘Banning of Unregulated Deposit Scheme Ordinance’, it was promulgated by President Kovind during the LAST week of February 2019.It is done to save gullible investors from losing money to Ponzi and fake deposit schemes.

"> CENTRE’s recent ordinance banning unregulated monthly DEPOSIT schemes will not affect the ongoing monthly schemes operated by jewellery and CHIT fund firms.Called the ‘Banning of Unregulated Deposit Scheme Ordinance’, it was promulgated by President Kovind during the LAST week of February 2019.It is done to save gullible investors from losing money to Ponzi and fake deposit schemes.

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Read the following statements carefully:1. The Centre’s recent ordinance banning unregulated monthly deposit schemes will not affect the ongoing monthly schemes operated by jewellery and chit fund firms.2. Called the ‘Banning of Unregulated Deposit Scheme Ordinance’, it was promulgated by President Kovind during the last week of February 2018.3. It is done to save gullible investors from losing money to Ponzi and fake deposit schemes.Which of the above statements is/are correct?

General Knowledge General Awareness in General Knowledge . 6 months ago

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The CENTRE’s recent ordinance banning unregulated monthly DEPOSIT schemes will not affect the ongoing monthly schemes operated by jewellery and CHIT fund firms.Called the ‘Banning of Unregulated Deposit Scheme Ordinance’, it was promulgated by President Kovind during the LAST week of February 2019.It is done to save gullible investors from losing money to Ponzi and fake deposit schemes.

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Posted on 11 Nov 2024, this text provides information on General Knowledge related to General Awareness in General Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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