Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- Asset Reconstruction Company India Limited(Arcil) is sponsored by ______
A. SBI
B. ICICI
C. PNB
D. IDBI
E. All of these
Answer & Explanation
E. All of these
Explanation:
Arcil is sponsored by prominent banks and financial institutions such as State Bank of India (SBI), IDBI Bank Limited (IDBI), ICICI Bank Limited (ICICI) and Punjab National Bank (PNB) - The headquarters of India’s first Asset Reconstruction Company India Limited(Arcil) is ________
A. Chennai
B. Mumbai
C. New Delhi
D. Hyderabad
E. None of these
Answer & Explanation
B. Mumbai
Explanation:
The headquarters of India’s first Asset Reconstruction Company India Limited(Arcil) is Mumbai - Asset Reconstruction Company India Limited(Arcil) is a ______
A. Public Limited
B. Private Limited
C. Limited Liability Company
D. Non Profit Organization
E. None of these
Answer & Explanation
B. Private Limited
Explanation:
Asset Reconstruction Company India Limited(Arcil) is a Private Limited company. - Arcil is an associate member of _____
A. BBB
B. IBBI
C. IBA
D. All of these
E. None of these
Answer & Explanation
C. IBA
Explanation:
Arcil is an associate member of IBA. - Which of the following is the regulator for overseeing insolvency proceedings?
A. BBB
B. IBBI
C. IBA
D. All of these
E. None of these
Answer & Explanation
B. IBBI
Explanation:
The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings. - The Insolvency and Bankruptcy Board of India (IBBI) regulates _____
A. Insolvency Professional Agencies (IPA)
B. Insolvency Professionals (IP)
C. Information Utilities (IU)
D. All of these
E. None of these
Answer & Explanation
D. All of these
Explanation:
The Insolvency and Bankruptcy Board of India (IBBI) is the regulates Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India - The Insolvency and Bankruptcy Board of India was established on October 1, 2016, in accordance with the provisions of _______
A. Insolvency and Bankruptcy Code 2013
B. Insolvency and Bankruptcy Code 2014
C. Insolvency and Bankruptcy Code 2015
D. Insolvency and Bankruptcy Code 2016
E. None of these
Answer & Explanation
D. Insolvency and Bankruptcy Code 2016
Explanation:
The Insolvency and Bankruptcy Board of India was established on October 1, 2016 in accordance with the provisions of Insolvency and Bankruptcy Code 2016. - The Insolvency and Bankruptcy Board of India (IBBI) covers ________
A. Individuals
B. Companies
C. Partnership Firms
D. Limited Liability Partnerships
E. All of these
Answer & Explanation
E. All of these
Explanation:
The Insolvency and Bankruptcy Board of India (IBBI) covers Individuals, Companies, Limited Liability Partnerships and Partnership firms. - Insolvency and Bankruptcy Board of India (IBBI) handles the cases using _________
A. BBB
B. National company law tribunal.
C. Debt recovery tribunal
D. Both (A) and (B)
E. Both (B) and (C)
Answer & Explanation
E. Both (B) and (C)
Explanation:
Insolvency and Bankruptcy Board of India (IBBI) handles the cases using two tribunals like NCLT(National company law tribunal) and Debt recovery tribunal. - How many members are there in IBBI?
A. Four
B. Seven
C. Ten
D. Twelve
E. Eleven
Answer & Explanation
C. Ten
Explanation:
IBBI has 10 members, including representatives from the Ministries of Finance and Law, and the Reserve Bank of India.
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