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Which among the following has allowed Oil Marketing Companies (OMCs) to borrow long-term working capital from overseas?

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Which among the following has allowed Oil Marketing Companies (OMCs) to borrow long-term working capital from overseas?
1). Reserve Bank of India
2). Ministry of Petroleum 
3). Ministry of Finance
4). Security and Exchange Board of India


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Answered by on | Votes 3 |
The Reserve Bank of India has allowed Oil Marketing Companies to borrow long-term working capital from overseas. Insurance Regulatory and Development Authority (IRDAI) has allowed the distribution of all micro-insurance products through point-of-sale.Bombay Stock Exchange became the first stock exchange in India to launch the commodity derivative contracts in gold and silver.

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