šŸ“¢ Too many exams? Don’t know which one suits you best? Book Your Free Expert šŸ‘‰ call Now!


    Question

    Which of the following acts is NOT administered by the

    Reserve Bank of India (RBI)?
    A Banking Regulation Act Correct Answer Incorrect Answer
    B Payment and Settlement Systems Act Correct Answer Incorrect Answer
    C Foreign Exchange Management Act Correct Answer Incorrect Answer
    D Insolvency and Bankruptcy Code Correct Answer Incorrect Answer
    E Reserve Bank of India Act Correct Answer Incorrect Answer

    Solution

    The Insolvency and Bankruptcy Code is not administered by the Reserve Bank of India (RBI). It is a comprehensive legislation designed to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner, overseen by the National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India (IBBI).

    Practice Next

    Relevant for Exams:

    ask-question