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      Question

      Insolvency

      is_______________
      A Mandatory Correct Answer Incorrect Answer
      B Voluntary Correct Answer Incorrect Answer
      C Situation Correct Answer Incorrect Answer
      D After effect of Bankruptcy Correct Answer Incorrect Answer
      E Both a & c Correct Answer Incorrect Answer

      Solution

      Insolvency is a situation because it is situation of financial distress faced involuntarily by an individual or an entity. If not dealt carefully it can lead to bankruptcy wherein there is a declaration by the Court of the insolvency.

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