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 ₹ 50 crore or more
DTo aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending
Answer & Solution
Correct answer: D. To aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending
UPSC CSE Prelims 2019 (GS-I, Set A), Q.72. Official answer key: D.
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