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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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