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      Question

      Which Ordinance was recently signed by the Karnataka

      Governor to regulate micro and small lending firms?
      A Karnataka Debt Regulation Ordinance Correct Answer Incorrect Answer
      B Karnataka Financial Fairness Act Correct Answer Incorrect Answer
      C Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance Correct Answer Incorrect Answer
      D Karnataka Credit Fair Practices Act Correct Answer Incorrect Answer
      E Karnataka Borrowers Protection Ordinance Correct Answer Incorrect Answer

      Solution

      Karnataka Governor Thaawarchand Gehlot approved the "Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025" to regulate moneylending firms and protect borrowers from coercive loan recovery practices.

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