CET Graduation 2024 PYQ Q62

Asset Reconstruction Fund (ARF) was set up for the purpose of __________. Choose the most appropriate option from below.

1. A To assist the Reserve Bank of India in managing commercial banks
2. B To take over the bad and doubtful debts of nationalised banks and development finance institutions Correct
3. C To finance commercial banks at a low rate
4. D To finance development finance institutions at low rates