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    Question

    "SARFAESI Act, 2002" is primarily used by banks

    for:
    A Issuing new shares. Correct Answer Incorrect Answer
    B Recovery of bad loans (NPAs) without court intervention. Correct Answer Incorrect Answer
    C Regulating the foreign exchange market. Correct Answer Incorrect Answer
    D Setting interest rates. Correct Answer Incorrect Answer
    E Merging two banks. Correct Answer Incorrect Answer

    Solution

    It allows banks to auction residential or commercial properties to recover loans when a borrower defaults.

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