UPSC Exam > UPSC Questions > Consider the following pairs:1. Insolvency P...
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Consider the following pairs:
1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)
2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications
3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs
4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016
How many pairs given above are correctly matched?
- a)Only one pair
- b)Only two pairs
- c)Only three pairs
- d)All four pairs
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following pairs:1. Insolvency Professional Agency (IPA) ...
1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)
This pair is correctly matched. Insolvency Professional Agencies (IPAs) are responsible for enrolling and regulating Insolvency Professionals (IPs).
This pair is correctly matched. Insolvency Professional Agencies (IPAs) are responsible for enrolling and regulating Insolvency Professionals (IPs).
2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications
This pair is correctly matched. The National Company Law Tribunal (NCLT) is indeed the adjudicating authority for Corporate Insolvency Resolution Process (CIRP) applications.
This pair is correctly matched. The National Company Law Tribunal (NCLT) is indeed the adjudicating authority for Corporate Insolvency Resolution Process (CIRP) applications.
3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs
This pair is incorrectly matched. Swachh Bharat Mission-Gramin (SBM-G) is managed by the Ministry of Drinking Water and Sanitation, not the Ministry of Housing and Urban Affairs.
This pair is incorrectly matched. Swachh Bharat Mission-Gramin (SBM-G) is managed by the Ministry of Drinking Water and Sanitation, not the Ministry of Housing and Urban Affairs.
4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016
This pair is correctly matched. The Insolvency and Bankruptcy Board of India (IBBI) was established on October 1, 2016.
This pair is correctly matched. The Insolvency and Bankruptcy Board of India (IBBI) was established on October 1, 2016.
Thus, only two pairs (1 and 2) are correctly matched.
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Community Answer
Consider the following pairs:1. Insolvency Professional Agency (IPA) ...
Correctly Matched Pairs Analysis
To determine how many of the provided pairs are correctly matched, let’s analyze each one:
1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)
- This pair is correct. The IPA is indeed responsible for overseeing the conduct of Insolvency Professionals in India.
2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications
- This pair is also correct. The NCLT serves as the adjudicating authority for Corporate Insolvency Resolution Process (CIRP) applications under the Insolvency and Bankruptcy Code.
3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs
- This pair is incorrect. The Swachh Bharat Mission-Gramin is managed by the Ministry of Jal Shakti, not the Ministry of Housing and Urban Affairs.
4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016
- This pair is correct. The IBBI was indeed established on October 1, 2016, as the regulatory body for insolvency and bankruptcy in India.
Conclusion
Out of the four pairs, three are correctly matched. Therefore, the correct answer is option 'B', indicating that only two pairs are correctly matched.
In summary:
- Correct pairs: 1, 2, 4
- Incorrect pair: 3
- Final count of correctly matched pairs: 3.
To determine how many of the provided pairs are correctly matched, let’s analyze each one:
1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)
- This pair is correct. The IPA is indeed responsible for overseeing the conduct of Insolvency Professionals in India.
2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications
- This pair is also correct. The NCLT serves as the adjudicating authority for Corporate Insolvency Resolution Process (CIRP) applications under the Insolvency and Bankruptcy Code.
3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs
- This pair is incorrect. The Swachh Bharat Mission-Gramin is managed by the Ministry of Jal Shakti, not the Ministry of Housing and Urban Affairs.
4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016
- This pair is correct. The IBBI was indeed established on October 1, 2016, as the regulatory body for insolvency and bankruptcy in India.
Conclusion
Out of the four pairs, three are correctly matched. Therefore, the correct answer is option 'B', indicating that only two pairs are correctly matched.
In summary:
- Correct pairs: 1, 2, 4
- Incorrect pair: 3
- Final count of correctly matched pairs: 3.
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Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?
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Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. 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 Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?.
Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. 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 Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following pairs:1. Insolvency Professional Agency (IPA) - Oversees Insolvency Professionals (IP)2. National Company Law Tribunal (NCLT) - Adjudicating authority for CIRP applications3. Swachh Bharat Mission-Gramin (SBM-G) - Managed by the Ministry of Housing and Urban Affairs4. Insolvency and Bankruptcy Board of India (IBBI) - Established on October 1, 2016How many pairs given above are correctly matched?a)Only one pairb)Only two pairsc)Only three pairsd)All four pairsCorrect answer is option 'B'. Can you explain this answer?.
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