Question
Which of the following is true regarding the Insolvency
and Bankruptcy Code (IBC) and its impact on insurance companies in India? ÂSolution
The Insolvency and Bankruptcy Code (IBC) is a comprehensive law that was enacted in India in 2016 to address the issue of insolvency and bankruptcy of companies and individuals. The IBC allows for the resolution of insolvent insurance companies through a process of liquidation or reorganization. The code applies to all companies, including insurance companies, and has a significant impact on the functioning of the insurance sector in India. Hence, option B is correct.
- Select the most appropriate ANTONYM of the given word.
Eager The act of ending the employment of a worker or group of workers
- Select the most appropriate synonym of the given word:
Revile There was a feud between brothers due to dispute regarding their ancestral property
REAFFIRM
- Choose the alternative which can replace the bold word without changing the meaning of the sentence.
Her benevolent nature made her popular among t... Copying someone else’s work and trying to submit it as your own
Select the option which is similar in meaning with the given word
SUSCEPTIBLE
My mother said to Sanjay, “Are you in such a hurry to cross the road?”
Contemptuous
