General Studies · Securities and Regulations
Consider the provisions under SARFAESI Act 2002 and current RBI guidelines: Statement 1: A secured creditor can take possession of collateral without court intervention post a 60-day notice under Section 13(2) if the loan is an NPA. Statement 2: This excludes agricultural lands and cases where the remaining debt is less than 20% of principal and interest. Statement 3: Modern collateral management uses geo-tagging for physical inspection. Statement 4: For hypothecation, possession remains with the borrower, while in a pledge, physical/constructive possession transfers to the creditor. Which combination reflects the true regulatory framework?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Statements 1 and 2 only are correct
- 2Statements 1, 2, and 3 only are correct
- 3Statements 1, 3, and 4 only are correct
- 4All the statements represent correct legal and operational frameworks✓
Correct answer
All the statements represent correct legal and operational frameworks
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Securities and Regulations MCQs →Want more practice questions on Securities and Regulations?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Securities and Regulations