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1. Pecunary Jurisdiction of DRT

A. 10 lakhs B. 20 Lakhs
C. 5 Lakhs D. 1 Lakhs
Your answer is: B. 20 Lakhs

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2. Which section provides for the term of the Presiding Officer?
A. Section 5 B. Section 6
C. Section 7 D. Section 8
Your answer is: B. Section 6

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3. An application to DRT to recover any debt from any person is to be made under which
section?
A. Section 15 B. Section 16
C. Section 18 D. Section 19
Your answer is: D. Section 19

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4. Appellate Tribunals have been established under section.of RDB Act, 1993.
A. Section 8 B. Section 3
C. Section 5 D. Section 7
Your answer is: A. Section 8

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5. Amount to be deposited by the Debtor for Appeal in DRT
A. 50% of amount of Debt B. 75% of amount of Debt
C. 100% of amount of Debt D. 25% of amount of Debt
Your answer is: A. 50% of amount of Debt

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6. Age of Retirement of Chairperson of DRAT
A. 60Yrs B. 62Yrs
C. 65Yrs D. 70Yrs
Your answer is: C. 65Yrs

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7. What is the limitation priod to appeal in DRAT against the order of DRT U/s 20
A. 30 Days B. 45 Days
C. 60 Days D. 90 Days
Your answer is: A. 30 Days

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8. Which of the following is not a mode of Recovery Under RDB Act, 1993
A. attachment and sale of the movable or immovable B. arrest of the defendant and his detention in prison;
property of the defendant C. appointing a receiver for the management of the
movable or immovable properties of the defendant
D. Attachment of the property of Relatives of the debtor
Your answer is: D. Attachment of the property of Relatives of the debtor

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9. Which City amongst the following does not have a DRAT
A. Mumbai B. Allahabad
C. Chennai D. Bangalore
Your answer is: D. Bangalore

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10. An Appellate tribunal established under section 8 of the RDB Act consists of..
A. One Chairperson B. Two Chairpersons
C. ThreeChairpersons D. Four Chairpersons
Your answer is: A. One Chairperson
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11. By which section, the RDB Act, 1993 has been renamed?
A. Section 249 and 5th Schedule, IBC, 2016 B. Section 249 and 7th Schedule, IBC, 2016
C. Section 248 and 5th Schedule, IBC, 2016 D. Section 249 and 5th Schedule, SARFAESI Act
Your answer is: A. Section 249 and 5th Schedule, IBC, 2016

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12. Where can one go against the order of DRAT
A. HC Under Writ Jurisdiction B. Supreme Court
C. HC Under Appellate Jurisdiction D. District Court
Your answer is: A. HC Under Writ Jurisdiction

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13. Whether the provisions of Limitation Act, 1963 are applicable to an application made to a
Tribunal?
A. Yes B. NO
C. Subject to approval of DRT D. Both 1& 3
Your answer is: D. Both 1& 3

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14. Who has the power to transfer case from one DRT to other
A. DRAT B. DRT where the Application was Filed
C. High Court D. Supreme Court
Your answer is: A. DRAT

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15. DRTs have been established under which section of RDB Act, 1993?
A. Section 4 B. Secttion 2
C. Section 3 D. Section 5
Your answer is: C. Section 3

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16. A tribunal established under section 3 of the RDB Act consists of..
A. One Presiding Officer B. Two Presiding Officers
C. Three Presiding Officers D. Four Presiding Officers
Your answer is: A. One Presiding Officer

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17. Appeal to the Appellate Tribunal against the order of the DRT is made under Section. Of the
RDB Act.
A. Saection 17 B. Section 18
C. Section 19 D. Section 20
Your answer is: C. Section 19

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18. As per section 11 of the Act, the term of the Chairperson of an Appellate Tribunal is.
A. 5 years from the date on which he enters upon his B. 3 years from the date on which he enters upon his office
office or on attaining 70 years of age, whiechever is or on attaining 65 years of age, whiechever is earlier..
earlier. C. 2 years from the date on which he enters upon his office
or on attaining 70 years of age, whiechever is later.
D. 4 years from the date on which he enters upon his office.
Your answer is: A. 5 years from the date on which he enters upon his office or on attaining 70 years of age, whiechever is
earlier.

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19. The provisions of the RDB Act are in addition to which of the follwoing Acts?
A. Industrial Finance Corporation Act, 1948 and Industrial B. State Financial Corporations Act, 1951 and Sich Industrial
Reconstruction Bank of India Act, 1984 Companies (Special Provisions) Act, 1985
C. Unit Trust of India Act, 1963 and SIDBI Act, 1989 D. All of the above
Your answer is: D. All of the above
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20. How Many ROs are there in a DRT
A. One B. Two
C. Three D. Four
Your answer is: B. Two

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21. Who is Authorised to establish DRT
A. RBI B. Supreme Court
C. Central Government D. Respective State Government
Your answer is: A. RBI

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22. Total Number of DRTs in India at present
A. 30 B. 32
C. 33 D. 35
Your answer is: C. 33

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23. Under section 21 of the RDB Act, Appellate Tribunal may reduce the amount to be
deposited, however, the same shall not be less than
A. 25% B. 50%
C. 40% D. 20%
Your answer is: A. 25%

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24. Where Does the Appeal against the order of RO lies?
A. DRT B. DRAT
C. High Court D. Supreme Court
Your answer is: B. DRAT

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25. The rights of secured creditors to realise secured debts due and payableshall have
priority over all other debts and Govt. dues. This provided under which section?
A. Section 31 A B. Section 31 B
C. Section 31 C D. Section 31 D
Your answer is: B. Section 31 B