2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which ministry sets up ‘Expert panel’ to look into loan moratorium issue?
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Health Ministry
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Finance Ministry
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Transport Ministry
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Ministry of Home Affairs
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Explanation:
Detailed explanation-1: -A loan moratorium is a temporary suspension of loan repayment. It is a period wherein you are entitled to get a break on your loan repayment. You can stop paying the Equated Monthly Instalments or loan EMIs for a specific tenure during a moratorium.
Detailed explanation-2: -NO EXTENSION OF LOAN MORATORIUM The Hon’ble Court observed that the extension of loan moratorium period for invocation of resolution mechanism forms part of the policy decisions. The Court also noted that sufficient time of 5 months was given to eligible borrowers to invoke the resolution mechanism.
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