DRT - Current Affairs Questions and Answers

1)   The government is looking to take on which actions to ensure fast track recovery of bad loans by banks?

a. Computerise Debt Recovery Tribunal
b. Reduce the oral hearings to two
c. Both of the above
d. None of the above
Answer  Explanation 

ANSWER: Both of the above

Explanation:
In a bid to ensure fast track recovery of bad loans by banks, the Government will computerise DRT and lower oral hearings to two. Arbitration Law for fast track arbitration with a single member Arbitration Board completing the entire process in 6 months has been proposed. Board loans of banks are occurring as cheap imports are adversely affecting the domestic industry.