Banking Awareness - Banking Acts, Reforms & Risk Management
SARFAESI Act mainly helps banks to recover:
SARFAESI Act mainly helps banks to recover:
easy Q12 of 15
Step-by-Step Solution
Step 1: Identify the type of loans under SARFAESI
The Act applies when loans are backed by tangible security.Step 2: Eliminate unrelated options
Unsecured loans, agricultural loans, and inter-bank lending are not the focus of SARFAESI.Final Answer:
Loans backed by secured assets → Option BQuick Check:
No security = no SARFAESI action ✅
Quick Trick: If ‘secured asset’ is mentioned, SARFAESI is likely the answer.
Common Mistakes:
MISTAKES- Assuming SARFAESI applies to all loans regardless of security.
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