Question
Section 31(j) of the SARFAESI Act excludes a case from
its applicability when the amount due is below a certain threshold of the principal amount and interest thereon. What is that threshold percentage?Solution
Section 31(j) of the SARFAESI Act provides that the provisions of the Act shall not apply to 'any case in which the amount due is less than twenty per cent of the principal amount and interest thereon.' This means if the outstanding dues (including interest) are less than 20% of the total principal and interest, the bank cannot invoke SARFAESI for enforcement of that particular security. This provision ensures that the Act's coercive enforcement machinery is not used for relatively minor defaults that are insignificant in proportion to the original loan. This is a key exclusion provision frequently tested alongside the agricultural land exclusion under Section 31(i).
What is the primary function of a firewall in network security?
In a binary search tree (BST), what is true about the left child of a node?
Which of the following is true about the Round Robin (RR) CPU scheduling algorithm?
Which of the following design patterns is primarily used to create objects without specifying the exact class of object that will be created?
Which algorithm is best suited for finding a Hamiltonian cycle in an undirected graph?
With either equal or proportional algorithm, a high priority process is treated ___________ a low priority process.
Which of the following is a best practice for securing backup data in an enterprise environment?
Dynamic Programming is preferred over recursion when:
Output of below code
public class Prg {
public static void main(String args[]){
System.out.print("A" + "B" + 'A');
}
...A directed acyclic graph (DAG) has 10 vertices and 15 edges. What is the maximum possible number of topological orderings?
