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    Question

    The Recovery of Debts and Bankruptcy Act (RDBA) applies

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

    Solution

    As per current norms, RDBA applies to cases where banks’ claim is ₹20 lakh or more.

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