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MCQs - 2026-03

211.
The PPIR mechanism allows for a resolution plan to be agreed upon:
A Only after formal insolvency proceedings begin.
B Before formal insolvency proceedings commence.
C By a single creditor without debtor consent.
D By government intervention only.
212.
The IBC amendments provide greater flexibility in:
A Taxation policies.
B Debt restructuring.
C Labor laws.
D Environmental regulations.
213.
What is the broader economic impact anticipated from these IBC amendments?
A Discouragement of entrepreneurship.
B A more conducive environment for entrepreneurship and investment.
C Increased risk aversion among investors.
D A decline in the ease of doing business.
214.
The amendments also focus on improving:
A The complexity of financial reporting.
B Creditor engagement and transparency.
C The number of legal loopholes.
D The duration of court proceedings.
215.
Besides faster resolution, what other benefit is expected from the IBC amendments for MSMEs?
A Increased regulatory scrutiny.
B More cost-effective solutions.
C Higher interest rates on outstanding debts.
D Reduced access to credit.
216.
The amendments aim to reduce the burden on which judicial body?
A Supreme Court of India
B High Courts
C National Company Law Tribunal (NCLT)
D District Courts
217.
What is the key advantage of the Pre-packaged Insolvency Resolution (PPIR) mechanism?
A It is a lengthy and complex legal process.
B It allows for a quicker, out-of-court settlement.
C It requires approval from all creditors without negotiation.
D It is only applicable to large corporations.
218.
What new mechanism is introduced by the IBC amendments for MSMEs?
A Mandatory liquidation for all distressed MSMEs.
B Pre-packaged insolvency resolution (PPIR).
C Extended moratorium periods without any resolution plan.
D Government takeover of all MSME debts.
219.
Which segment of businesses is particularly targeted by the new IBC amendments?
A Large corporations
B Public Sector Undertakings (PSUs)
C Micro, Small, and Medium Enterprises (MSMEs)
D Multinational corporations
220.
What is the primary objective of the recent amendments to the Insolvency and Bankruptcy Code (IBC)?
A To increase the number of bankruptcies.
B To streamline the resolution process, especially for MSMEs.
C To make the insolvency process more complex.
D To discourage new business ventures.