Statement I: FIIs do not invest in unlisted entities. They participate only through stock exchanges.
Statement II: FIIs cannot invest at the time of initial allotment.
Select the correct option:
A. Statements I and II are correct
B. Statement I is true and II is false
C. Statement I is false and II is correct
D. Statements I and II are false
Answer: Option D
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these

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