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    Question

    Under provisions of which act banks and other

    financial institutions are allowed to auction residential or commercial properties to recover loans.
    A SARFAESI Act 2002 Correct Answer Incorrect Answer
    B RBI Act 1934 Correct Answer Incorrect Answer
    C Banking Regulation Act 1949 Correct Answer Incorrect Answer
    D Negotiable Instruments Act 1881 Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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