Economics · Banking and Finance
With reference to Asset Reconstruction Companies (ARCs) in India, consider the following statements: 1. ARCs purchase stressed assets from banks and can convert them into securities for investors. 2. They cannot accept public deposits to raise funds. 3. RBI regulates all ARCs under the SARFAESI Act, 2002. 4. Only scheduled commercial banks can sponsor ARCs in India. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All four
- 2Only three✓
- 3Only two
- 4Only one
Correct answer
Only three
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 Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Finance MCQs →Want more practice questions on Banking and Finance?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Banking and Finance