Economics · Economy
What is the primary purpose of the Insolvency and Bankruptcy Code (IBC), 2016?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To manage national foreign exchange reserves
- 2To simplify the process of resolving financial distress in businesses✓
- 3To promote foreign direct investment
- 4To regulate stock market investments
Correct answer
To simplify the process of resolving financial distress in businesses
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