Question
Which of the following statements best describes the
relationship between the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 , and the Insolvency and Bankruptcy Code (IBC), 2016 in relation to MSMEs?Solution
The MSMED Act, 2006 focuses on the promotion and development of MSMEs in India by providing a legal framework for their growth, facilitating access to finance, and ensuring easier registration. In contrast, the Insolvency and Bankruptcy Code (IBC), 2016 provides a detailed insolvency resolution process for firms, including MSMEs. Section 240A of the IBC specifically offers MSMEs a special protection in the insolvency process, providing them with a different resolution approach as compared to other companies. The MSMED Act facilitates growth, while the IBC addresses insolvency concerns with provisions specially designed for MSMEs, balancing protection and debt resolution.
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Select the option that is related to the third term in the same way as the second term is related to the first term.
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Arrange the following words in a meaningful order.
A. Body
B. Tissue
C. System
D. Cell
E. Organ
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Select the option that is related to fourth number in the same way as the first number is related to the second number and the fifth number is related t...
Select the option in which the numbers are related in the same way as are the numbers of the following sets.
(14, 130, 12)
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Thick : Thin :: Idle : _________
Select the option that is related to third letter cluster in the same way second letter cluster is related to first letter cluster.
DECIMAL: Z...
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