QUESTION

Medium

Economy

Prelims 2019

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

Select an option to attempt

Explanation

The Inter-Creditor Agreement (ICA) signed by Indian banks and financial institutions is a mechanism to expedite the resolution of stressed assets, particularly in cases of consortium lending involving loans of Rs. 50 crore or more.

Trusted by 2L aspirants

Practice UPSC Prelims PYQs Smarter

Practice Now
  • Track accuracy & weak areas
  • See past trends & repeated themes
Start Practicing Now

Year-wise Prelims PYQs

202520242023202220212020201920182017201620152014201320122011

Crack UPSC with your
Personal AI Mentor

An AI-powered ecosystem to learn, practice, and evaluate with discipline

Start Now

Download App

SuperKalam is your personal mentor for UPSC preparation, guiding you at every step of the exam journey.

Download the App

Get it on Google PlayDownload on the App Store
Follow us
COMPANY
About usHelp & SupportJoin UsPricing
STUDY RESOURCES
CONTACT US
Student Queries
ask@superkalam.com
General Queries
hello@superkalam.com
Chat onWhatsApp
+91 9319720944
ⓒ Snapstack Technologies Private Limited
Terms•Privacy Policy•Refund Policy