Multiple choice

A normal Lok Adalt (other than organized by DRT) can entertain disputes involving

  1. up to Rs. 20 lac

  2. up to Rs. 15 lac

  3. up to Rs. 10 lac

  4. <font size="2">u</font>p to Rs. 5 lac
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

RBI, during April 2001, advised banks and financial institutions that cases involving an amount up to Rs. 20 lac (RBI enhanced it from Rs. 5 lac, Aug 03, 2004) may be referred to Lok Adalts.

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