As per the new published in some newspapers and magazines, two PSUs, National Thermal Power Corporation and Coal India Ltd, are going to float a joint-venture 'SPV'. What is the full form of "SPV"?

Small Power Venture

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Special Purpose Vehicle

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Special Power Venture

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Small Purpose Vehicle

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Solution

The correct option is C Special Purpose Vehicle
SPV stands for Special Purpose Vehicle. It is set up to fulfill temporary objectives. It also has a legal personality. Recently it is seen that two PSUs- National Thermal Power Corporation and Coal India Limited signed to float a joint-venture SPV.

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