IBPS SO Law Officer SARFAESI Quiz 2026, FREE PDF & Quiz

1. The SARFAESI Act is formally the:

2. An asset reconstruction company for purposes of SARFAESI must be registered with the RBI under:

3. Acquisition of rights or interest in financial assets by an asset reconstruction company is dealt with under:

4. Which provision is the principal enforcement mechanism enabling a secured creditor to enforce security interest without first obtaining a court decree, subject to the Act?

5. A demand notice under Section 13(2) ordinarily calls upon the borrower to discharge the liability in full within:

6. Assistance of the Chief Metropolitan Magistrate or District Magistrate for taking possession of secured assets is sought under:

7. An aggrieved person challenging a measure taken under Section 13(4) may apply to the DRT under:

8. The ordinary limitation period for filing an application under Section 17 is:

9. An appeal from an order of the DRT under Section 17 lies to the Appellate Tribunal under:

10. The ordinary time limit for a Section 18 appeal to the Appellate Tribunal is:

11. A borrower appealing under Section 18 must ordinarily deposit what percentage of the debt due, subject to the statutory power of reduction?

12. Under Section 26D, a secured creditor generally cannot exercise Chapter III enforcement rights unless the security interest has been:

13. Measures for asset reconstruction by an asset reconstruction company are listed under:

14. The RBI’s power to determine policy and issue directions to asset reconstruction companies is principally found in:

15. Which section bars civil-court jurisdiction over matters that the DRT or DRAT is empowered to determine under SARFAESI?

16. The overriding effect of SARFAESI over inconsistent laws is principally stated in:

17. The limitation-related provision for measures under SARFAESI is:

18. Registration of transactions of securitisation, reconstruction and creation of security interest is principally dealt with in:

19. Priority to secured creditors after registration is principally addressed in:

20. Which property is expressly within the important exclusions commonly tested under Section 31?