UPSC Civil Services 2019 Prelims General Studies Paper I

Question : 72 of 100

Marks: +1, -0

What was the purpose of the Inter-Creditor Agreement signed by Indian banks and financial institutions recently?

To lessen the Government of India's perennial burdenof fiscal deficit and current account deficit
To support the infrastructure projects of Central and State Governments
To act as independent regulator in case of applications for loans of Rs 50 crore or more
To aim at faster resolution of stressed assets of Rs 50 crore or more which are under consortium lending.

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