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What is the full form of SARFAESI?

easy Q11 of 15
Banking Awareness - Banking Acts, Reforms & Risk Management
What is the full form of SARFAESI?
ASecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest
BSystematic Asset Recovery and Financial Enforcement of Security in India
CStatutory Authority for Recovery of Financial Assets and Secured Investments
DSpecial Act for Regulation of Financial Assets and Security Interest
Step-by-Step Solution

  1. Step 1: Recall the expansion of SARFAESI

    The Act’s name explains its function—securitisation, reconstruction of financial assets, and enforcement of security interest.

  2. Step 2: Match with the correct option

    Only Option A correctly states the complete and official full form.

  3. Final Answer:

    Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest → Option A

  4. Quick Check:

    SARFAESI focuses on securitisation and enforcement of security interest ✅
Quick Trick: Break SARFAESI into keywords: Securitisation + Reconstruction + Security Interest.
Common Mistakes:
MISTAKES
  • Choosing an option that sounds similar but is not the official full form.
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