On June 13, 2016, the Reserve Bank announced a new scheme for settleme – McqOptions

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1.	On June 13, 2016, the Reserve Bank announced a new scheme for settlement of bad loans of large projects. According to this, a part of the debt will be converted into equity or any other financial instrument under the supervision of which monitoring committee?
A.	Indian Banks Association (IBA)
B.	Central Bank Association (CBA)
C.	State Bank Association (SBA)
D.	neither of the above
Answer» B. Central Bank Association (CBA)

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