MCQOPTIONS
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| 1. |
Which of the following are the provisions of SARFAESI Act which enables banks to reduce their non-performing assets (NPAs)? 1. Enforcement of Security Interest by secured creditor (Banks/ Financial Institutions). 2. Transfer of non- performing assets to asset Reconstruction Company which will then dispose of those assets and realise the proceeds. 3. To provide a legal framework for securitization of assets. 4. Assisting banks in making the credibility track record of customers under Credit Information Bureau of India (CIBIL). |
| A. | 1 and 2 |
| B. | 1, 2 and 3 |
| C. | 2, 3 and 4 |
| D. | 1, 2, 3 and 4 |
| Answer» C. 2, 3 and 4 | |