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- 11. “I” in IBBI stands for______
A.Insolvency
B.Information
C.Institute
D.Indian
Answer & Explanation
Answer: Option A
Explanation: The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India
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- 12. IBBI was established on _____
A.31 May 2016
B.31 March 2016
C.1 November 2016
D.1 October 2016
Answer & Explanation
Answer: Option D
Explanation: IBBI was established on 1 October 2016
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- 13. Insolvency and Bankruptcy Code was passed by Lok Sabha on _____
A.1 October 2016
B.5 March 2016
C.1 November 2016
D.5 May 2016
Answer & Explanation
Answer: Option D
Explanation: Insolvency and Bankruptcy Code was passed by Lok Sabha on 5 May 2016
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- 14. The Central Government has constituted National Company Law Tribunal (NCLT) under ______ of the Companies Act, 2013.
A.Section 208
B.Section 308
C.Section 408
D.Section 108
Answer & Explanation
Answer: Option C
Explanation: The Central Government has constituted National Company Law Tribunal (NCLT) under section 408 of the Companies Act, 2013
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- 15. The National Company Law Appellate Tribunal (NCLAT) is a _____
A.Regulatory body
B.Judicial body
C.Statutory body
D.All of these
Answer & Explanation
Answer: Option B
Explanation: The National Company Law Appellate Tribunal (NCLAT) is a quasi-judicial body in India
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To whom this SBI Clerk 2018 Quiz Set - 2 Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
- All I.B.P.S and Public Sector Bank Competitive Exam
- Common Aptitude Test (CAT) Exams
- UPSC Paper-II or CSAT Exams
- SSC Competitive Exams
- Defence Competitive Exams
- L.I.C / G.I.C AO and Clerk Competitive Exams
- Railway Competitive Exam
- University Grants Commission (UGC)
- Career Aptitude Test (IT Companies) and etc.