As per the news published in the major financial newspapers some banks/financial institutions are going to set-up an Asset Reconstruction Company (ARC). ARCs are normally set up for which of the following purposes?
(A) To bail out sick industrial units
(B) To provide credit for a particular sector only like housing/ personal loans etc.
(C) To manage Mutual Funds launched by various banks.

A

Only A

B

Only B

C

Only C

D

All A, B and C

E

None of these