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  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • DRT Act is applicable only if the debt recoverable is ___...
Multiple choice

DRT Act is applicable only if the debt recoverable is __________ or above.

  1. Rs. 10 Lakh

  2. Rs. 15 Lakh

  3. Rs. 5 Lakh

  4. Rs. 20 Lakh

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Debt Recovery Tribunal (DRT) can hear claims of banks only if the amount claimed is Rs. 10 lakhs and above. 

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