UPSC Exam > UPSC Questions > What was the purpose of the Inter-Creditor Ag...
Start Learning for Free
What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
- a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.
- b)To support the infrastructure projects of central and state governments.
- c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.
- d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
What was the purpose of the Inter-Creditor Agreement signed by Indian ...
Indian banks and financial institutions signed an Inter-Creditor Agreement (ICA) on July 23, 2018 to fast-track the resolution of stressed assets of Rs 500 crore or above that are under consortium lending. The ICA, a part of Project Sashakt, was signed by 22 public sector banks including SBI, India Post Payments Bank; 19 private sector banks; and 32 foreign banks.
Most Upvoted Answer
What was the purpose of the Inter-Creditor Agreement signed by Indian ...
's financial burden by ensuring timely resolution of stressed assets
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
c) To establish a common framework for debt restructuring and recovery of stressed assets in a time-bound manner
d) To facilitate better communication and information sharing among lenders to minimize the risk of default by borrowers
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
c) To establish a common framework for debt restructuring and recovery of stressed assets in a time-bound manner
d) To facilitate better communication and information sharing among lenders to minimize the risk of default by borrowers
b) To promote coordinated efforts among banks and financial institutions in India to address non-performing assets (NPAs)
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?
Question Description
What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?.
What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?.
Solutions for What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?a)To lessen the Government of India’s perennial burden of fiscal deficit and current account deficit.b)To support the infrastructure projects of central and state governments.c)To act as independent regulator in case of applications for loans of Rs. 50 Crore or more.d)To aim at faster resolution of stressed assets of Rs. 50 Crore or more which are under consortium lending.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup