Answer-What does the term 'asset reconstruction' refer to?

SARFAESI Act Section 2 b asset reconstruction means acquisition by any asset reconstruction company of any right or interest of any bank or financial institution in any financial assistance for the purpose of realisation of such financial assistance.

Question

What does the term "asset reconstruction" refer

to?

A Reallocation of assets within a bank or financial institution

B Realization of financial assistance by a bank or financial institution

C Transfer of assets from an asset reconstruction company to a bank or financial institution

D Acquisition of assets by a bank or financial institution from an asset reconstruction company

E Acquisition by an asset reconstruction company of any right or interest of a bank or financial institution in financial assistance for realization purposes

Practice Next

More Other Laws and Acts Questions

Which two areas have been selected in the first phase under the Nagar Van Scheme in the State?
Match List I with List II for control of citrus pest through parasite/predators

List I List II

A. Wh...
FRI ( forest research institute ) was established is located at
The highest number of cut roses are sold on which day?
A loan which is given for time period of 15 months and could be utilized for purchasing of seeds and fertilizers is known as__________
SSNM aims at supplying
Which of the following is most appropriate for blank “b”?
The ratio between organic N and S in crop residue generally ranges between:
Potassium metabisulhpite is used as a stable source of
Crop susceptible to water stress and water logging

What does the term "asset reconstruction" refer

Solution