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      Question

      Under provisions of which act banks and other financial

      institutions are allowed to auction residential or commercial properties to recover loans.
      A SARFAESI Act, 2002 Correct Answer Incorrect Answer
      B RBI Act, 1934 Correct Answer Incorrect Answer
      C Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      D Negotiable Instruments Act, 1881 Correct Answer Incorrect Answer
      E None Correct Answer Incorrect Answer

      Solution

      The correct answer is A

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