Millionaire Mode

Insolvency and Bankruptcy Code, 2016

Question 1 of 15

What is the primary objective of the Insolvency and Bankruptcy Code, 2016?

  1. To promote entrepreneurship and innovation
  2. To facilitate the timely and efficient resolution of insolvency
  3. To regulate the banking sector
  4. To provide financial assistance to distressed companies

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000