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With which of the following is SARFAESI act 2002 related?
Recovery of bad loans
Regulation of foreign exchange
Fixation of interest rates
Acquisition of small banks
None of these
Correct Option is Recovery of bad loans
Solution:Recovery of bad loans 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 institution to auction residential or commercial properties (of Defaulter) to recover loans.
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