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  • Question
  • The government of India has doubled the monetary limit upto this amount for filing loan recovery application in the Debt Recovery Tribunals (DRT).


  • Options
  • A. 13 lakh
  • B. 15 lakh
  • C. 18 lakh
  • D. 20 lakh

  • Correct Answer
  • 20 lakh 

    Explanation
    The government of India has doubled the monetary limit to 20 lakh rupees for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and financial institutions. As per the Finance Ministry, the move is aimed at helping reduce pendency of cases in DRTs. There are 39 DRTs in the country. To make the tribunals more effective and to facilitate fast disposal of debt recovery cases, the government has made several amendments in different laws, including the SARFAESI Act.

  • More questions

    • 1. Which Automotive company has developed the 'largest power storage system in Asia' installed in Osaka train station in Japan?

    • Options
    • A. Pricol
    • B. Tesla
    • C. General Motors
    • D. Eicher Motors
    • Discuss
    • 2. Name the company which has signed an MoU on different projects related to e-mobility along with Automotive Research Association of India.

    • Options
    • A. NTPC
    • B. BSNL
    • C. ONGC
    • D. BHEL
    • Discuss
    • 3. Which movie has won the Best Picture award at 89th Oscar Academy Awards?

    • Options
    • A. Story of Your Life
    • B. Moonlight
    • C. Hidden Figures
    • D. La La Land
    • Discuss
    • 4. Which 2 cities are declared as the 'Best Heritage City' at the National Tourism Awards for 2016-17?

    • Options
    • A. New Delhi & Ahmedabad
    • B. New Delhi & Udaipur
    • C. Agra & Kolkata
    • D. Ahmedabad & Mandu
    • Discuss
    • 5. The book "60 Indian Poets" has been authored by whom?

    • Options
    • A. Amitav Ghosh
    • B. Vikram Seth
    • C. Jeet Thayil
    • D. Arun Kolatkar
    • Discuss
    • 6. 2018 Nobel Medicine or Physiology Prize has been awarded to whom of the following persons?

    • Options
    • A. Carl H. June and Timothy Ray Brown
    • B. Steven Rosenberg and Zelig Eshhar
    • C. James Reyniers and Ragnar Granit
    • D. James P Allison and Tasaku Honjo
    • Discuss
    • 7. Which of the following movies won the 64th National Film Awards for the Best Feature Film?

    • Options
    • A. Kasaav
    • B. Alifa
    • C. Neerja
    • D. Pink
    • Discuss
    • 8. Who is the author of the book titled Hope in a Challenged Democracy- An Indian Narrative, which released recently?

    • Options
    • A. Paranjoy Guha Thakurta
    • B. Ashwani Kumar
    • C. Romesh Thapar
    • D. Shashi Tharoor
    • Discuss
    • 9. The Union Government unveiled the revised Building Code 2017 to meet the vision of - 'Housing For All' by

    • Options
    • A. 2020
    • B. 2021
    • C. 2022
    • D. 2023
    • Discuss
    • 10. According to the report of United Nations' World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20?

    • Options
    • A. 7.6%
    • B. 7.5%
    • C. 7.4%
    • D. 7.8%
    • Discuss


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