Banking Awareness - Banking Acts, Reforms & Risk Management
Which of the following statements best captures the long-term banking relevance of IBC?
Which of the following statements best captures the long-term banking relevance of IBC?
hard Q10 of 15
Step-by-Step Solution
Step 1: Look at IBC beyond short-term recovery
IBC reforms the overall credit culture.Step 2: Identify the correct long-term impact
It builds a transparent and disciplined recovery framework.Final Answer:
It creates a disciplined and transparent recovery ecosystem → Option DQuick Check:
IBC reforms credit culture, not just recovery speed ✅
Quick Trick: IBC = discipline + transparency.
Common Mistakes:
MISTAKES- Expecting guaranteed or full recovery under IBC.
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