Question

    Which of the following is the governing body for

    regulating and overseeing SARFAESI Act implementation?
    A Central Register Correct Answer Incorrect Answer
    B Ministry of Finance Correct Answer Incorrect Answer
    C RBI Correct Answer Incorrect Answer
    D Financial Assets Corporation of India Correct Answer Incorrect Answer
    E Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer

    Solution

    The RBI is authorised under the PSS Act to constitute the Board for Regulation and Supervision of Payment and Settlement Systems. The SARFAESI Act was enacted to expedite the recovery of non-performing assets by banks and financial institutions.

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