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    Question

    What is the primary objective of the

    Insolvency and Bankruptcy Code (IBC) in India?
    A Regulating interest rates Correct Answer Incorrect Answer
    B Facilitating corporate governance Correct Answer Incorrect Answer
    C Ensuring financial inclusion Correct Answer Incorrect Answer
    D Resolving insolvency and bankruptcy in a time-bound manner Correct Answer Incorrect Answer

    Solution

    The Insolvency and Bankruptcy Code (IBC) in India aims to provide a time-bound process for resolving insolvency and bankruptcy, ensuring a revival of the company or a prompt liquidation process.

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