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      Question

      The SARFAESI Act, 2002 is NOT applicable to which of the

      following?┬а
      A Public Sector Banks Correct Answer Incorrect Answer
      B Private Sector Banks Correct Answer Incorrect Answer
      C Non-Banking Financial Companies (NBFCs) Correct Answer Incorrect Answer
      D Agricultural Land Correct Answer Incorrect Answer
      E Secured Creditors Correct Answer Incorrect Answer

      Solution

      Section 31 of the SARFAESI Act specifically excludes agricultural land from its purview to protect farmers from the summary recovery of land.

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