The Tribunal is a quasi-judicial body and the selected candidates are appointed on tenure basis, i.e. for a period of ______ from the date they enter upon the office of the Tribunal or till they attain the age of_________, whichever is earlier.
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5 years, 62 years
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6 years, 62 years
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3 years, 62 years
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5 years, 70 years
A
Correct answer
Explanation
The Tribunal is a quasi-judicial body set up under the provisions of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. The selected candidates will be appointed on tenure basis for a period of five years from the date they enter upon the office of the Tribunal or till they attain the age of 62 years, whichever is earlier.