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Q.

SARFAESI Act 2002 related

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a

Recovery of bad loans

b

Regulation of Foreign Exchange

c

Fixation of interest rates

d

Acquisition of small banks

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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