Identify the correct statement about Insolvency and Bankruptcy Code.
1. It became operational in 2015
2. It was constituted to provide better governance in banking sector
3. It is being implemented by Finance Ministry
A Bankruptcy Law Reforms Committee was set up in 2014 for providing an entrepreneur friendly legal bankruptcy framework for meeting global standards for improving the ease of doing business with necessary judicial capacity. Accordingly, the Insolvency and Bankruptcy Code (IBC), 2016, became operational in 2016. The Code aims to promote entrepreneurship, availability of credit, and balance the interests of all the stakeholders by consolidating and amending the laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms and individuals. It is being implemented by ministry of corporate affairs.
In conducting Open Market Operations (OMO), RBI targets to regulated-
Which of the following is not an advantage of Futures?
Which of the following statements is False regarding Municipality Bonds?
What is CIBIL score?
Who is the CEO of National Housing Bank?
Which of the following statement is/are NOT correct with respect to Non-Banking Financial Companies (NBFCs)?
__________ is going to set up a branch office in the International Financial Services Centre, GIFT City, Gandhinagar, Gujarat that will enable the com...
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
Which of the following is not one of the functions of Banks Board Bureau?
I- providing assistance to Public Sector Banks to restructure their ...
Which of the following statement is NOT correct -