Current Affairs Question - 20 April 2023
Economy Watch
Insolvency And Bankruptcy Code (IBC) 2016
Which of the statement(s) is/are correct regarding the Insolvency and Bankruptcy Code (IBC) 2016?
- It sets out three classes of persons who can trigger the corporate insolvency resolution process (CIRP) – financial creditors, operational creditors and corporate debtors.
- It covers all individuals, companies, Limited Liability Partnerships (LLPs) and partnership firms.
- Insolvency and Bankruptcy Board of India (IBBI) has been appointed as a regulator and it can oversee these proceedings.
- National Company Law Tribunal (NCLT) for companies and LLPs and Debt Recovery Tribunal (DRT) for individuals and partnership firms.
Choose the correct answer from the codes given below:
| A |
1 and 2
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| B |
3 and 4
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| C |
1, 3 and 4
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| D |
1, 2, 3 and 4
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Economy Watch
Captive Employment Initiative
Recently, under which of the following scheme, Ministry of Rural Development initiated ‘Captive Employment’ initiative?
| A |
National Employability Enhancement Mission (NEEM)
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| B |
Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP)
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| C |
Skills Strengthening for Industrial Value Enhancement (STRIVE) scheme
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| D |
Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
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