Question

Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?

A Remuneration Correct Answer Incorrect Answer
B Revolve Correct Answer Incorrect Answer
C Resolution Correct Answer Incorrect Answer
D Reconstruction Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

National Asset Reconstruction Company Limited (NARCL) was incorporated in July 2021 as a ‘bad bank’ to help dispose of the stressed assets of the commercial banks.

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