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    Question

    Last year, bad bank- NARCL was established. What does the “R” stand for in NARCL?

    A Remuneration Correct Answer Incorrect Answer
    B Revolve Correct Answer Incorrect Answer
    C Resolution Correct Answer Incorrect Answer
    D Reconstruction Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    National Asset Reconstruction Company Limited (NARCL) was incorporated in July 2021 as a ‘bad bank’ to help dispose of the stressed assets of the commercial banks.

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