Economics • Indian EconomyEasy
What is the core mandate of the 'Insolvency and Bankruptcy Board of India (IBBI)'?
A. To regulate foreign portfolio investments in Indian stock exchanges
B. To oversee the insolvency resolution process for corporations, partnership firms, and individuals under the IBC, 2016✓ Correct Answer
C. To bail out distressed public sector banks using budgetary allocations
D. To supervise microfinance institutions and self-help groups
💡 Solution & Explanation
The Insolvency and Bankruptcy Board of India regulates the resolution ecosystem for corporations, partnership firms, and individuals under the landmark Insolvency and Bankruptcy Code of 2016. Options mentioning foreign portfolio investments or bank bailouts confuse it with SEBI or fiscal rescue packages. This regulatory body ensures swift time-bound resolution mechanisms to improve the ease of doing business.
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