Daily GK Quiz Game 621

Test # 621 [13-Sep-2025]

1.
Recently (in year 2010) we read in the newspapers that Reserve Bank of India is planning to amend its rules to control the non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms as more and more NBFC turning themselves to LLPs. Which
among the following is the most appropriate reasons why the LLPs are getting so much popular among these NBFCs?

a. Because LLPs are introduced and promoted by Ministry of Corporate Affairs, Government of India

b. Because LLPs have easier winding up procedures and the liability of a partner is limited to the extent of his or her contribution to the LLP.

c. Because LLPs are easy to introduce and start a business and little capital is required to start a LLP

d. Since the LLPs are promoted by the Ministry of Corporate Affairs, they involve some facilities and sops by the government which are not available to NBFC

e. The Rules of Business for LLPs are simpler and they are having lesser control of the Reserve Bank of India

Test Index

Test - 904 [23-Jun-2026]

Test - 903 [22-Jun-2026]

Test - 902 [21-Jun-2026]

Test - 901 [20-Jun-2026]

Test - 900 [19-Jun-2026]

Test - 899 [18-Jun-2026]

Test - 898 [17-Jun-2026]

Test - 897 [16-Jun-2026]

Test - 896 [15-Jun-2026]

Test - 895 [14-Jun-2026]

601 [24-Aug-2025] 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 [08-Sep-2025] 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 [23-Sep-2025] 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 [08-Oct-2025] 647 648 649 650

1+ 51+ 101+ 151+ 201+ 251+ 301+ 351+ 401+ 451+ 501+ 551+ 601+ 651+ 701+ 751+ 801+ 851+ 901+ Random Questions

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