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    Question

    The Recovery of Debts and Bankruptcy Act (RDBA) applies

    to cases where debt exceeds:
    A тВ╣10 lakh Correct Answer Incorrect Answer
    B тВ╣20 lakh Correct Answer Incorrect Answer
    C тВ╣50 lakh Correct Answer Incorrect Answer
    D тВ╣1 crore Correct Answer Incorrect Answer
    E тВ╣5 crore Correct Answer Incorrect Answer

    Solution

    As per current norms, RDBA applies to cases where banksтАЩ claim is тВ╣20 lakh or more.

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