Which of the following is a blank-cheque company?
A. HDFC
B. SPAC
C. IOCL
D. All of these
Explanation:
The US Securities and Exchange Commission (SEC) issued an investor alert, which was the first warning of sorts, when it came to or special purpose acquisition companies (SPACs). A SPAC, or a blank-cheque company, is an entity specifically set up with the objective of acquiring a firm in a particular sector.
