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    Question

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

    following? 
    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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