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    Question

    What is a key change introduced by the RBI in norms for

    settlement of dues by Asset Reconstruction Companies (ARCs)?
    A Full board approval is mandatory for all dues above тВ╣1 crore Correct Answer Incorrect Answer
    B Independent Advisory Committees (IACs) will approve all settlements Correct Answer Incorrect Answer
    C Dues above тВ╣1 crore can now be settled by a board-approved committee Correct Answer Incorrect Answer
    D All settlement decisions must involve officials from asset acquisition Correct Answer Incorrect Answer
    E Settlements require final approval from the RBI for all cases Correct Answer Incorrect Answer

    Solution

    The RBI allowed ARCs to settle dues above тВ╣1 crore with a board-approved committee, streamlining the process and improving flexibility.

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