1. Enforcement of Security Interest by secured creditor (Banks/ Financial Institutions). |
2. Transfer of non- performing assets to asset Reconstruction Company which will then dispose of those assets and realise the proceeds. |
3. To provide a legal framework for securitization of assets. |
4. Assisting banks in making the credibility track record of customers under Credit Information Bureau of India (CIBIL). |
A) 1 and 2
B) 1, 2 and 3
C) 2, 3 and 4
D) 1, 2, 3 and 4
Correct Answer: B
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