The first legislative response in Bangladesh for addressing the problem of defaulting on bank loans and other financial obligations was made by creating Artha Rin Adalat

The first legislative response in Bangladesh for addressing the problem of defaulting on bank loans and other financial obligations was made by creating Artha Rin Adalat Correct Answer 2003

‘অর্থ ঋণ আদালত আইন, ২০০৩’ হলো আর্থিক প্রতিষ্ঠান কর্তৃক ঋণ আদায়ের জন্য প্রচলিত আইনের অধিকতর সংশোধন ও সংহতকরণকল্পে প্রণীত আইন। এর ৮টি পরিচ্ছেদের আদলে ৬০টি ধারা রয়েছে।
Bissoy MCQ

Related Questions

The first legislative response in Bangladesh for addressing the problem of defaulting on bank loans and other financial obligation s was made by creating Artha Rin Adalat in the year
Which one among the following option is acceptable to the Carvakas? Answer considering (A), (B), (C), (D)?
1. Ksti and Kama
2. Artha and Punya
3. Sukha and Artha
4. Marut and Vyoma
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.

Assumptions :
I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
II. The bank accepts house as collateral security against such loans.
Markets dealing with residential loans, industry real estate loans, agricultural loans and commercial loans are called
Recently Bangladesh Shilpa Rin Sangstha (BSRS) and Bangladesh Shilpa Bank (BSB) were merged to form which of the following ?
The Reserve Bank of India has taken some initiatives to prevent a US type sub-prime Crisis in India. Which of the following is/ are such initiatives? A.Banks are adviced to set up credit counselling centres. B.Banks should stop giving housing loans to big borrowers (Asking for loans of Rs.50 lakhs and above ) C.Banks should not give loans to builders and property dealers/developers
The Asian Development Bank has approved a $285 million loan to finance a project to construct coal ports by Paradip and Madras Port Trusts. Courses of Action: I. India should use financial assistance from other international financial organisations to develop such ports in other places. II. India should not seek such financial assistance from the international financial agencies.
Statement : The Asian Development Bank has approved a $285 million loan to finance a project to construct coal ports by Paradip and Madras Port Trusts.

Courses of Action :
I. India should use financial assistance from other international financial organisations to develop such ports in other places.
II. India should not seek such financial assistance from the international financial agencies.
Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer :

Statement : The Reserve Bank of India has directed the banks to refuse fresh loans to major defaulters.

Assumptions :
I. The banks may still give loans to the defaulters.
II. The defaulters may repay the earlier loan to get fresh loan.
III. The banks may recover the bad loans through such harsh measures.
Lok Adalat is one of the alternative dispute redressal mechanisms, it is a forum where disputes/cases pending in the court of law or at pre-litigation stage are settled/ compromised amicably. What is the minimum charge to file a case in a Lok Adalat?