Economy
2017
Banking in India
RBI and Functions
Government Schemes
Which of the following statements best describes the term ‘Scheme for Sustainable Structuring of Stressed Assets (S4A)’, recently seen in the news?
B.It is a scheme of RBI for reworking the financial structure of big corporate entities facing genuine difficulties.
D.It is an important provision in ‘The Insolvency and Bankruptcy Code’ recently implemented by the Government.
C.It is a disinvestment plan of the Government regarding Central Public Sector Undertakings.
A.It is a procedure for considering ecological costs of developmental schemes formulated by the Government.
Correct Answer: Option B
The Scheme for Sustainable Structuring of Stressed Assets (S4A) is a scheme introduced by the RBI.
The scheme aims to rework the financial structure of large corporate entities that are facing genuine financial difficulties.
Therefore, option B is the correct answer.
Sources:
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