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The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?
  • a)
    Banking Regulation Act 1949
  • b)
    Reserve Bank of India Act 1934
  • c)
    Negotiable Instruments Act 1881
  • d)
    SARFAESI Act 2002
  • e)
    None of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The Asset Reconstruction Companies (ARCs) in India are established as ...
The Asset Reconstruction Companies (ARCs) are formed as per the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002. Any loan with an outstanding amount of Rs 1 lakh or more will come under the purview of ARCs. RBI has the authority to issue licenses to such companies. Asset Reconstruction Company of India Limited (ARCIL) is the first asset reconstruction company in India.
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The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?a)Banking Regulation Act 1949b)Reserve Bank of India Act 1934c)Negotiable Instruments Act 1881d)SARFAESI Act 2002e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?a)Banking Regulation Act 1949b)Reserve Bank of India Act 1934c)Negotiable Instruments Act 1881d)SARFAESI Act 2002e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?a)Banking Regulation Act 1949b)Reserve Bank of India Act 1934c)Negotiable Instruments Act 1881d)SARFAESI Act 2002e)None of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Asset Reconstruction Companies (ARCs) in India are established as per the provision of which among the following?a)Banking Regulation Act 1949b)Reserve Bank of India Act 1934c)Negotiable Instruments Act 1881d)SARFAESI Act 2002e)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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