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Q.

SARFAESI Act 2002 related

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a

Regulation of Foreign Exchange

b

Recovery of bad loans

c

Acquisition of small banks

d

Fixation of interest rates

answer is A.

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Detailed Solution

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law. It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans.

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