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

    Question

    According to the Insolvency and Bankruptcy Code, which

    of the following is not considered afinancial creditor?
    A A person to whom a financial debt is owed Correct Answer Incorrect Answer
    B A person to whom a financial debt has been legally assigned or transferred Correct Answer Incorrect Answer
    C A person who provides goods or services on credit terms Correct Answer Incorrect Answer
    D A person who has purchased a debt instrument from another creditor Correct Answer Incorrect Answer
    E A bank that has provided a loan to a company Correct Answer Incorrect Answer

    Solution

    Section 5-Definitions: (7) “financial creditor” means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to.

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