n NISM Certifications
X NISM Series X
Medium

The Insolvency and Bankruptcy Code (IBC) applies to which entities?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Individuals

  2. B

    Companies

  3. C

    Partnership firms

  4. All of the above

    Correct answer

Why this is the answer

The IBC covers individuals, companies, and partnership firms, providing a unified framework for insolvency resolution across these entities.

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