IBPS PO Mains 30 Nov 2024 Shift 2 Paper

Concept:CERSAI is a central online registry for security interests, created under the SARFAESI Act, $2002$, to prevent fraud in lending against equitable mortgages.Explanation:Statement $1$ is correct because CERSAI maintains a central registry of security interests, preventing borrowers from taking multiple loans against the same asset without proper documentation.Statement $2$ is incorrect because CERSAI is not a private company; it is a government-owned public sector company, and its functioning is governed by the SARFAESI Act, $2002$, not the Companies Act, $2013$.Statement $3$ is correct because CERSAI was established on $11$th March $2011$, and it serves India's financial infrastructure sector by providing an online platform to register and track security interests.Hence, the correct combination is statements $1$ and $3$ only.Answer:C. $1$ and $3$ only