Q8) Which of the following is not a step to ensure financial inclusion in our country

a)Nationalization of banks

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b) Jan Dhan Yojana

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c)Unique identification number

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d)Asset reconstruction companies

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Solution

The correct option is D d)Asset reconstruction companies
Ans 8: D
Explanation: Asset Reconstruction Companies (ARCs) have been created to bring about a system for recovering Non-Performing Assets (NPAs) from the books of secured lenders and unlocking the value of Non-Performing Assets (NPA). Reserve Bank of India (RBI) provides license for ARCs and ARCs are empowered by the SARFAESI Act.

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