Asset reconstruction companies help in clearing the balance sheet of the bank by purchase of bad assets

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True

Suggest Corrections

Similar questions

Q. On the balance sheet of a company, the value of the asset bought through hire purchase will appear as:

Q. Fictitious assets are shown on the asset side of the balance sheet of a company under the heading ________.

Which of the following statement(s) is/are correct about Asset Reconstruction Companies?
1. ARCs are regulated by SEBI.
2. They are the specialized agencies with a main role of resolving the stressed assets of the Indian banking system.
3. They are involved in buying bad loans from Indian banks to turn them around.
Correct answer code is

Q. Which of the following is associated with asset reconstruction company?

Q. A Non – Banking Financial Company (NBFC) with what asset size, as per last audited balance sheet, is categorized as a systemically important NBFC?

Join BYJU'S Learning Program