Multiple choice

As per the news published in some newspapers magazines two PSUs National Thermal Power Corporation and Coal India Ltd. are going to float a joint venture 'SPV'. What is the full form of 'SPV' ?

  1. Small Power Venture

  2. Special Purpose Vehicle

  3. Special Power Venture

  4. Small Purpose Vehicle

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In business and finance, SPV stands for Special Purpose Vehicle, which is a legal entity created for a specific objective.

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