[Solved] An asset reconstruction company looks for business from banks. What do you understand from this statement?

McqMate

Q.	An asset reconstruction company looks for business from banks. What do you understand from this statement?
A.	These companies assist banks in getting potential clients for big ticket loans
B.	Banks identify potential borrowers for infrastructure lending by these companies
C.	Banks sell their bad debts to these companies
D.	Asset reconstruction companies buy bad debts at a discount from banks
E.	None of these
Answer» D. Asset reconstruction companies buy bad debts at a discount from banks

946

0

Do you find this helpful?

2

View all MCQs in

Banking Awareness

Discussion

No comments yet

Related MCQs

An Asset Reconstruction Company(ARC) in India is associated with
Which is India‘s first and largest Asset Reconstruction Company?
Asset Reconstruction Company is associated with..........?
ICICI Bank and Axis Bank has sold Rs.1, 800 crores of loans to paper maker Ballarpur Industries Ltd to Edelweiss Asset Reconstruction Company. Who is present CEO of Axis Bank?
Out of 27 Public Sector Banks (PSBs), Govt of India controls 22 banks through majority holding and which of the following state-run entities holds majority stake in the remaining 5 banks?
A financial contract that derives its value from another asset or an index of asset values in known as
A financial contract that derives its value from another asset or an index of asset values is known as
What do you understand by the term ‗Mortgage‘?
The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act as present is not applicable to
Which of the following banks have become the first banks to join SWIFT‘s global payments initiative?