Question
CERSAI was established to prevent fraudulent lending
transactions against equitable mortgages. What does the ‘S’ in CERSAI stand for?Solution
CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest of India. • It was set up by the Government of India as a Section 8 company under the Companies Act, 2013. • The registry was created to curb frauds in lending, particularly where borrowers attempt to take multiple loans from different banks using the same property as collateral. • By recording details of security interests created by lenders, CERSAI ensures transparency and acts as a deterrent against fraudulent mortgage practices. Thus, the ‘S’ in CERSAI = Securitisation.
- Muhammad Ghori laid the foundation of the Turkish Empire in India by defeating 
- Ghazni was a small principality in 
- Who authored the historical account "Padshahnama," chronicling the reign of Shah Jahan? 
- Atmospheric Pressure at sea level equals: 
- The Battle of Haldighati was fought between which two leaders. 
- The rulers of the Lodhi dynasty were 
- Which Mughal emperor bestowed the title 'Sahibat-uz-Zamani' on Jahanara Begum? 
- In which year did Babur establish Mughal rule in India? 
- Akbar'a son and successor Salim, on becoming the emperor, assumed the name of 
- Who served as a court poet during the reign of Emperor Samudragupta?