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Doctors Medicines MCQs Q&A

  1. Jokey Angu
  2. Vikas Anand
  3. Arvind Sadashiv Mokashi
  4. Lokhande P Sitaram
  5. Sudhir Kumar
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1 Answers

Option 3 : Arvind Sadashiv Mokashi

The correct answer is Arvind Sadashiv Mokashi.

  • The government has set up India Debt Resolution Company Ltd (IDRCL).
  • It has been set up with a paid-up capital of ₹80.5 lakh on an authorized capital of ₹50 cr.
  • Arvind Sadashiv Mokashi has been appointed on the board of IDRCL as State Bank of India’s nominee Director.

  • It is an asset management company that will work along with the National Asset Reconstruction Company Ltd (NARCL) to clean up bad loans.
  • Shareholders of IDRCL include Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of India (BoI), Bank of Maharashtra, SBI, Union Bank of India, Canara Bank, Indian Bank and IDBI Bank.

  • The NARCL has been incorporated under the Companies Act and has applied to the Reserve Bank of India for the license as an Asset Reconstruction Company (ARC).
  • NARCL is basically a bad bank created by the government in the mould of an asset reconstruction company.
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Related Questions

In the question below, is given a passage followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Passage: One of the biggest problems facing ABC Bank of India is the attrition of its Probationary Officers post their job confirmation. The bank spends crores of rupees in their training during Probation, but after confirmation in service, many of the Probationary officers quit the Bank. While some of them jump to more lucrative jobs in the Private Sector Banks, some prefer to quit even without finding another job. Courses of action:  I. ABC Bank must make the Probationary Officers sign a bond upon joining, asking them to serve the bank for a minimum of 10 years after confirmation. II. New HR policy must be introduced to recover training costs from Probationers who serve the bank for less than 5 years. III. The Bank must appoint an internal committee to find out the reasons for the attrition of Probationary Officers.?
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