On the issue of debt recast scheme for /(1) the restructuring of stres

1.	On the issue of debt recast scheme for /(1) the restructuring of stressed standard assets of MSMEs./(2) micro, medium and small enterprises, /(3) the board ‘advised’ that the RBI should consider a scheme for /(4)On capital, it was clear that the decision was taken by the board. Clearly, the government wants the board to be more _______. However, the board has members from the corporate world who have a stake in the financial markets, which poses a serious conflict of interest.The RBI board will discuss the issue of liquidity problems of NBFCs in the next board meeting on December 14, apart from governance issues, and corporate borrowers will be an obvious beneficiary if steps are taken to address the issue1). Recipient 2). Giver 3). Payer4). Organiser
Answer» The correct answer is option 1. The word ‘beneficiary’ MEANS ‘a person who derives advantage from something, ESPECIALLY a trust, will, or life insurance policy’. The word most similar to this is ‘recipient’ which means ‘a person or thing that receives or is awarded something’. The meanings of some of the other words are as follows: Giver: a person who gives something. Payer: a person or organization that gives someone money that is due for WORK done, goods received, or a DEBT incurred. Organiser: a person who arranges an event or activity. Patron: a person who gives financial or other SUPPORT to a person, organisation, or cause.

On the issue of debt recast scheme for /(1) the restructuring of stressed standard assets of MSMEs./(2) micro, medium and small enterprises, /(3) the board ‘advised’ that the RBI should consider a scheme for /(4)On capital, it was clear that the decision was taken by the board. Clearly, the government wants the board to be more _______. However, the board has members from the corporate world who have a stake in the financial markets, which poses a serious conflict of interest.The RBI board will discuss the issue of liquidity problems of NBFCs in the next board meeting on December 14, apart from governance issues, and corporate borrowers will be an obvious beneficiary if steps are taken to address the issue1). Recipient 2). Giver 3). Payer4). Organiser

Answer»

The correct answer is option 1.

The word ‘beneficiary’ MEANS ‘a person who derives advantage from something, ESPECIALLY a trust, will, or life insurance policy’.

The word most similar to this is ‘recipient’ which means ‘a person or thing that receives or is awarded something’.

The meanings of some of the other words are as follows:

Giver: a person who gives something.

Payer: a person or organization that gives someone money that is due for WORK done, goods received, or a DEBT incurred.

Organiser: a person who arranges an event or activity.

Patron: a person who gives financial or other SUPPORT to a person, organisation, or cause.