Which of the following is a blank-cheque company?

March 26, 2021

Daily Current Affairs Quiz 26 March 2021

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.