Which of the following agency is responsible for management of Chit funds?

For Competitive Exams

10th CBSE Maths

Which of the following agency is responsible for management of Chit funds?

RBI

Central government

State governments

SEBI

Explanation:

Chit funds in India are governed by the Chit Funds Act, 1982. Under this Act, the chit fund businesses can be registered and regulated only by the respective state governments

Next Question

Consider the following statements related to Bhartiya Mahila Bank
1. It is the only public sector bank in the country entirely owned by the government
2. This bank works exclusively for women
Which of the above statements is/are correct?

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