New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The term debt has been defined under IBC as

    _________________
    A Liability or obligation in respect of a claim which is due from any person Correct Answer Incorrect Answer
    B Liability or obligation in respect of a claim which is due from any person and includes a financial debt and operational debt Correct Answer Incorrect Answer
    C Liability or obligation in respect of a claim which is due from any person and includes a financial debt Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer
    E Both a & c Correct Answer Incorrect Answer

    Solution

    Section 2 (11) “debt” means a liability or obligation in respect of a claim which is due from any person and includes a financial debt and operational debt.

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