If the Reserve Bank issues directions in exercise of the statutory power specifically conferred upon it…
Directions issued by the Reserve Bank in exercise of its statutory power to determine policy trace to SARFAESI s.12, which confers that specific authority on RBI.
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If the Reserve Bank issues directions in exercise of the statutory power specifically conferred upon it under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, such power is traceable to:
Answer and explanation
Correct answer C
Directions issued by the Reserve Bank in exercise of its statutory power to determine policy trace to SARFAESI s.12, which confers that specific authority on RBI.