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      Question

      Asset Reconstruction Companies (ARCs) in India operate

      under which of the following Acts?
      A Banking Regulation Act, 1949 Correct Answer Incorrect Answer
      B Companies Act, 2013 Correct Answer Incorrect Answer
      C RBI Act, 1934 Correct Answer Incorrect Answer
      D SARFAESI Act, 2002 Correct Answer Incorrect Answer
      E Insolvency and Bankruptcy Code, 2016 Correct Answer Incorrect Answer

      Solution

      ARCs operate under the SARFAESI Act, 2002, as stated in the file. 

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