Economics · New Industrial Policy 1991
Which traditional practice was mandated for banks and financial institutions in India during lending operations for new projects prior to its removal in 1991?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A fixed non-performing asset buyback clause
- 2A mandatory convertibility clause into equity✓
- 3A mandatory rural-employment funding clause
- 4A compulsory export-obligation clause
Correct answer
A mandatory convertibility clause into equity
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