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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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