๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      Which of the following is considered a "financial asset"

      under the SARFAESI Act?
      A Debt or receivables, whether secured or unsecured Correct Answer Incorrect Answer
      B Only debt secured by immovable property Correct Answer Incorrect Answer
      C Only financial assistance from the government Correct Answer Incorrect Answer
      D Personal loans given to individuals Correct Answer Incorrect Answer
      E Non-repayable loans granted by banks Correct Answer Incorrect Answer

      Solution

      ย  ย  The SARFAESI Act defines "financial assets" broadly to include debt or receivables, whether secured or unsecured, and any right or interest in property that secures a debt, whether it is existing, future, or contingent.

      Practice Next
      ask-question