UPSC 2017 › Indian Economy › Banking & Financial Sector

1 question · 2017 · answers as per the UPSC key

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UPSC 2017 · Q64 · Indian Economy › Banking & Financial Sector · Save

Which of the following statements best describes the term 'Scheme for Sustainable Structuring of Stressed Assets (S4A)', recently seen in the news ?

(a) It is a procedure for considering ecological costs of developmental schemes formulated by the Government.
(b) It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.
(c) It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.
(d) It is an important provision in 'The Insolvency and Bankruptcy Code' recently implemented by the Government.
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Answer: (b) It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.