Q11. What shall be included in “financial information” according to the Code?
(a) Records of balance sheet
(b) Records of liabilities when a person is solvent
(c) Record of debt of a person
(d) All of above
Q12. What are the core services rendered by an information utility?
(a) Create and store financial information
(b) Accept electronic submission of financial information
(c) Get all the information received from various persons authenticated
(d) All of the above
Q13. Which of the following is not a financial institution under the Code?
(a) RBI
(b) NTPC
(c) IDFC Limited
(d) BOI
Q14. Which of the following is a Creditor as per the Code?
(a) Secured Creditor
(b) Unsecured Creditor
(c) Decree-Holder
(d) All of the above
Q15. The Insolvency and Bankruptcy Board of India is constituted by:
(a) Central Government
(b) National Company Law Tribunal
(c) ARCIL
(d) Supreme Court
Q16. Which of the following committee made recommendations of the Code?
(a) Narasimham committee
(b) Raja Chelliah Committee
(c) Bankruptcy Law Reforms Committee
(d) Tiwari Committee
Q17. Whether IBC is applicable to person resident outside India:
(a) No, IBC is not applicable to a person resident outside India.
(b) Yes, IBC is applicable to a person resident outside India.
(c) IBC is applicable to a person outside India with the prior approval of the Board.
(d) IBC is applicable to person resident outside India as well as to foreign persons.
