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Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the information given below carefully and answer the following question.The centerpiece of the bankruptcy process is the Insolvency Resolution Process (IRP). Because a firm after default is like a melting ice-cube, every day of delay destroys value. So the Insolvency Bankruptcy Code (IBC) provides for a limited time of 180 days for the IRP to work out. It is within this time limit that multiple external persons come up with proposals on resolution plans for the defaulted firm. These are evaluated by the Committee of Creditors and the best one is chosen. The chosen one takes control of the company and walks away into the sunset, and all others forever hold their peace.Q.Which among the following is the most logical, rational and critical inference that can be made from the above passage?a)Insolvency Bankruptcy Code was very essential for Indian banking system since it will definitely solve the problem of non performing assets. b)According to IBC, if no external person comes up with any proposal on resolution plan for a defaulting firm, then government will bail out the firm.c)IBC provides the fixed timeline for bankruptcy process for the defaulting firm and backs the best resolution plan as a permanent solution.d)Regulations of IBC provides fixed timeline for bankruptcy process but the process becomes very cumbersome in case of multiple proposals.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.