Multiple choice

Every housing finance company is required to transfer………………….of its net profit to a Reserve Fund before declaring any dividend.

  1. 5%

  2. 10%

  3. 15%

  4. 20%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

HFCs must transfer at least 20 percent of their net profit to a reserve fund before declaring any dividend, as per regulatory requirements.

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