Arrange the following initiatives taken by the government of India to tackle the Non-performing assets…
Arranging the institutional mechanisms to tackle Non-Performing Assets (NPAs) in India in chronological order: Debt Recovery Tribunals (DRTs) were established in 1993 (III);…
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Arrange the following initiatives taken by the government of India to tackle the Non-performing assets in their ascending order of chronology.
I. Corporate Debt Restructuring
II. Compromise Settlement
III. The Debt Recovery Tribunals (DRTs)
IV. Credit Information Bureau V. SARFAESI Act
Answer and explanation
Correct answer A
Arranging the institutional mechanisms to tackle Non-Performing Assets (NPAs) in India in chronological order: Debt Recovery Tribunals (DRTs) were established in 1993 (III); the Credit Information Bureau ( India) Ltd. (CIBIL) was incorporated in 2000 (IV); the Corporate Debt Restructuring (CDR) mechanism was introduced in 2001 (I); Compromise Settlement guidelines and the SARFAESI Act followed in 2002 (II, V).
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