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      Question

      CERSAI was established to prevent fraudulent lending

      transactions against equitable mortgages. What does the тАШSтАЩ in CERSAI stand for?
      A Small Correct Answer Incorrect Answer
      B Securitization Correct Answer Incorrect Answer
      C Secured Correct Answer Incorrect Answer
      D Systematic Correct Answer Incorrect Answer
      E System Correct Answer Incorrect Answer

      Solution

      CERSAI stands for Central Registry of Securitisation Asset Reconstruction and Security Interest of India. тАв It was set up by the Government of India as a Section 8 company under the Companies Act, 2013. тАв 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. тАв By recording details of security interests created by lenders, CERSAI ensures transparency and acts as a deterrent against fraudulent mortgage practices. Thus, the тАШSтАЩ in CERSAI = Securitisation.

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