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Q) With reference to a bad bank, consider: 1.A bad bank is an | UPSC prelims

Q) With reference to a bad bank, consider:
1.A bad bank is an Asset Reconstruction Company (ARC) or an Asset Management Company (AMC) that takes over the bad loans of commercial banks.
2.It is involved in lending and taking deposits. Correct?
Anonymous Quiz
47%
1 only
12%
2 only
37%
Both 1 and 2
5%
Neither 1 nor 2