SSC Economics Sample Paper NCERT Sample Paper-5

  • question_answer
    Consider the following statements about 'Special Purpose Vehicle' (SPV) and Choose the correct answer:
    1 An SPY is primarily a subsidiary business association of persons or entities designed to serve as counterparty for swaps and other credit sensitive derivative instruments.
    2. An SPY is a company and it has to follow the rules of formation of a company laid down in the
    Companies Act. Which of the following statements is/are correct?

    A)  1 only 

    B)  2 only

    C)  Both 1 & 2      

    D)  neither 1 nor 2

    Correct Answer: C

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