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Your results are here!! for" Debts Recovery Tribunals (DRTs) and Debts Recovery Appellate Tribunals (DRATs) "
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Question 1 of 10
1. Question
Under which Act were the Debts Recovery Tribunals (DRTs) established?
Correct
DRTs were established under the Recovery of Debts and Bankruptcy Act, 1993.
Incorrect
DRTs were established under the Recovery of Debts and Bankruptcy Act, 1993.
Unattempted
DRTs were established under the Recovery of Debts and Bankruptcy Act, 1993.
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Question 2 of 10
2. Question
What is the specific objective of DRTs and DRATs?
Correct
The specific objective is to provide expeditious adjudication and recovery of debts due to Banks and Financial Institutions.
Incorrect
The specific objective is to provide expeditious adjudication and recovery of debts due to Banks and Financial Institutions.
Unattempted
The specific objective is to provide expeditious adjudication and recovery of debts due to Banks and Financial Institutions.
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Question 3 of 10
3. Question
According to the provided material, how many Debts Recovery Tribunals (DRTs) are currently functioning across the country?
Correct
The provided material states that 39 DRTs are functioning across the country.
Incorrect
The provided material states that 39 DRTs are functioning across the country.
Unattempted
The provided material states that 39 DRTs are functioning across the country.
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Question 4 of 10
4. Question
According to the provided material, how many Debts Recovery Appellate Tribunals (DRATs) are currently functioning across the country?
Correct
The provided material states that 5 DRATs are functioning across the country.
Incorrect
The provided material states that 5 DRATs are functioning across the country.
Unattempted
The provided material states that 5 DRATs are functioning across the country.
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Question 5 of 10
5. Question
Who heads a Debts Recovery Tribunal (DRT)?
Correct
Each DRT is headed by a Presiding Officer.
Incorrect
Each DRT is headed by a Presiding Officer.
Unattempted
Each DRT is headed by a Presiding Officer.
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Question 6 of 10
6. Question
Who heads a Debts Recovery Appellate Tribunal (DRAT)?
Correct
Each DRAT is headed by a Chairperson.
Incorrect
Each DRAT is headed by a Chairperson.
Unattempted
Each DRAT is headed by a Chairperson.
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Question 7 of 10
7. Question
Under the RDB Act, 1993, what type of applications are filed in DRTs for recovery matters?
Correct
The RDB Act provides for filing Original Applications (OAs) in Debts Recovery Tribunals.
Incorrect
The RDB Act provides for filing Original Applications (OAs) in Debts Recovery Tribunals.
Unattempted
The RDB Act provides for filing Original Applications (OAs) in Debts Recovery Tribunals.
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Question 8 of 10
8. Question
Under the SARFAESI Act, banks and financial institutions covered by the Act can initially recover secured debts:
Correct
The SARFAESI Act provides access to covered banks and financial institutions for recovery of secured debts without court intervention at the first stage.
Incorrect
The SARFAESI Act provides access to covered banks and financial institutions for recovery of secured debts without court intervention at the first stage.
Unattempted
The SARFAESI Act provides access to covered banks and financial institutions for recovery of secured debts without court intervention at the first stage.
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Question 9 of 10
9. Question
Where can a person aggrieved by action taken by a secured creditor under the SARFAESI Act file a Securitisation Appeal (SA)?
Correct
Securitisation Appeals can be filed with the DRTs by persons aggrieved by action taken by secured creditors under the SARFAESI Act.
Incorrect
Securitisation Appeals can be filed with the DRTs by persons aggrieved by action taken by secured creditors under the SARFAESI Act.
Unattempted
Securitisation Appeals can be filed with the DRTs by persons aggrieved by action taken by secured creditors under the SARFAESI Act.
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Question 10 of 10
10. Question
Which of the following is a feature provided by the e-DRT project?
Correct
The e-DRT project provides features including e-filing, e-payment of fees, cause list generation, and a case information system.
Incorrect
The e-DRT project provides features including e-filing, e-payment of fees, cause list generation, and a case information system.
Unattempted
The e-DRT project provides features including e-filing, e-payment of fees, cause list generation, and a case information system.