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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 β‚Ή1 crore Correct Answer Incorrect Answer
      B Independent Advisory Committees (IACs) will approve all settlements Correct Answer Incorrect Answer
      C Dues above β‚Ή1 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 β‚Ή1 crore with a board-approved committee, streamlining the process and improving flexibility.

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