General Studies · Indian Economy
What is the primary purpose of the Insolvency and Bankruptcy Code (IBC), 2016?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1To provide protection for startups from financial harassment
- 2To simplify the process of resolving financial distress and insolvency in businesses✓
- 3To promote foreign direct investment
- 4To regulate stock market investments
Correct answer
To simplify the process of resolving financial distress and insolvency in businesses
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Indian Economy MCQs →Want more practice questions on Indian Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Indian Economy