Which of the following statements about Asset

Q: Answer-Which of the following statements about Asset Reconstruction Companies (ARCs) is correct?

ARCs are primarily set up to acquire NPAs from banks and financial institutions, with the aim of recovering the funds through restructuring, auctioning, or selling the assets.

Reconstruction Companies (ARCs) is correct?

A ARCs are only allowed to buy non-performing assets (NPAs) from banks and financial institutions.

B ARCs cannot securitize the assets they purchase.

C ARCs can only deal with performing assets.

D ARCs can act as a debtor in a corporate debt restructuring process.

E ARCs are not regulated by RBI.

Practice Next

More Financial Management Questions

The Asian Infrastructure Investment Bank (AIIB) has invested in the Sustainable Energy Infra Trust (SEIT), India's largest renewable energy Infrastructu...
Recently West Bengal Government hand over its Tajpur Port to which of the following company?
What is the primary objective of the Nasha Mukt Bharat Abhiyaan (NMBA)?
How many pilgrims have visited the Gangasagar Mela as reported recently (Jan 2025)?
In which year did M.M. Keeravani win the Oscar for Best Original Song with "Naatu Naatu"?
According to the 15th annual Mercer CFA Institute Global Pension Index (MCGPI), India had an overall index value of 45.9 from 44.5 in 2022, with a rank ...
Which sea ports are designated for restricted imports from Bangladesh, as per India’s new trade curbs?
Who among the following assumed charge as the new Election Commissioner (EC) of India?
Anne Rice passed away. Who was she?
The technology giant Microsoft will be setting up its new data center in the city of Telangana?

Relevant for Exams:

SBI CBO

Which of the following statements about Asset

Solution

Relevant for Exams: