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      Question

      Which of the following is completely exempted from the

      application of the SARFAESI Act?
      A Commercial buildings Correct Answer Incorrect Answer
      B Factory machinery Correct Answer Incorrect Answer
      C Loans secured by agricultural land Correct Answer Incorrect Answer
      D Industrial plots Correct Answer Incorrect Answer
      E Residential apartments Correct Answer Incorrect Answer

      Solution

      The Act specifically outlines assets that are outside its enforcement jurisdiction. Agricultural land is the most notable exemption, ensuring farmers are not deprived of their primary source of livelihood through swift, court-free seizures.

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