UPSC Civil Services Prelims 2019
Question 20 of 67Indian Economy
What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
ATo lessen the Government of India’s perennial burden of fiscal deficit and current account deficit
BTo support the infrastructure projects of central and state governments
CTo act as independent regulator in case of applications for loans of Rs 50 crore or more
DTo aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending
Correct Answer
The correct answer is hidden
Explanation
15 words hidden ... in consortium lending situations involving exposures of Rs 50 crore and above. It provides a framework for lenders to ... 15 words hidden