Question
According to S&P Global Ratings, what is India’s updated insolvency regime group ranking?
Solution
S&P Global Ratings upgraded India’s insolvency regime ranking from Group C to Group B. This change was based on improvements in creditor-led resolutions and higher recovery rates under the Insolvency and Bankruptcy Code (IBC).
More Monthly Quiz General Awareness Questions
- Consider the following statements about UNESCO Creative Cities Network: 1. UNESCO designates the creative cities in 5 fields 2. UNESCO Creative Cities Ne...
- On which date is International Literacy Day celebrated?
- When is National Handloom Day celebrated annually?
- What is the rank of Indian passport as per Henley Passport Index 2023?
- Which country had topped the "World Happiness Index" for the year 2023 ?
- Where has India’s first organic fish cluster been launched?
- Which of the following schemes aims to support the construction and enhancement of homes in rural areas?
- As per the Economic Survey 2023-24, what was the growth rate of India's real GDP in FY24 compared to its level in FY20?
- Which bank recently received in-principle approval to set up an IBU in GIFT City, making it the first UAE-based bank to do so?
- Who received the Aryabhata Award from the Astronautical Society of India in April 2024 for outstanding contributions to aerospace technology?
Relevant for Exams:
