APPSC Group-II Mains 2019 Paper III · Question 143

Question 143 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q143 · Economy (India & AP) · Money, Banking & Inflation

   In which financial institutions did the 'shadow lender crisis' erupt?

   ఏ ఆర్థిక సంస్థలందు "షాడో లెండర్ సంక్షోభం" తిరిగి ఏర్పడినది

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   Answer: NBFCs

   సమాధానం: ఎన్.బి.ఎఫ్.సి

   The 2018 default of IL&FS, a large non-bank lender, set off a liquidity crisis among NBFCs, the so-called shadow banks.

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