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Consider the following statements regarding the recently released Reserve Bank of India "Treatment of Wilful Defaulters and Large Defaulters Directions, 2023": 1. The directions are applicable to all regulated entities including NABARD, SIDBI and EXIM Bank. 2. A wilful-default borrower needs to be reviewed and finalised within six months of an account being classified as a non-performing asset (NPA). 3. A lender cannot proceed against a guarantor without exhausting remedies against the principal debtor. How many of the statements given above are correct?
This question appeared in the HPSC Prelims 2023 examination (GS-II). It is Question 2 out of 200 questions in this paper.
This question was part of the HPSC Prelims 2023 (GS-II). The HPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all HPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.