Indian Overseas Bank LBO Mock 01 – Question 105

Question:

Minimum threshold of outstanding dues for initiating recovery under SARFAESI Act 2002?

(a) ₹10,000

(b) ₹50,000

(c) ₹1 Lakh

(d) ₹5 Lakhs

(e) ₹10 Lakhs

SARFAESI अधिनियम के तहत कार्रवाई के लिए न्यूनतम बकाया राशि?

(a) ₹10,000

(b) ₹50,000

(c) ₹1 लाख

(d) ₹5 लाख

(e) ₹10 लाख

Correct Answer: (c)

Explanation:

Section 31(h) excludes dues less than ₹1 Lakh under SARFAESI Act. Option (c).

₹1 लाख। विकल्प (c) सही है।

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