Multiple choice

What does ARC stand for?

  1. Assistant Revenue Collector

  2. Authorised Revaluation Company

  3. Asset Reconstruction Company

  4. Automatic Reconstruction Confederation
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An Asset Reconstruction Company (ARC) is a specialized financial institution that buys the NPAs (non-performing assets) or bad loans from banks and financial institutions to help them clean up their balance sheets.

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