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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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