{"id":93597,"date":"2025-06-01T11:53:25","date_gmt":"2025-06-01T11:53:25","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93597"},"modified":"2025-06-01T11:53:25","modified_gmt":"2025-06-01T11:53:25","slug":"the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/","title":{"rendered":"The ‘Insolvency and Bankruptcy Code’ was introduced to facilitate the"},"content":{"rendered":"

The ‘Insolvency and Bankruptcy Code’ was introduced to facilitate the resolution of insolvency cases and to improve the ease of doing business in India. In which year was it enacted?<\/p>\n

[amp_mcq option1=”2013″ option2=”2015″ option3=”2016″ option4=”2017″ correct=”option3″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2019-20<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe Insolvency and Bankruptcy Code (IBC) was enacted in the year 2016.
\n<\/section>\n
\nThe Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.
\n<\/section>\n
\nThe IBC replaced multiple existing laws and frameworks related to insolvency and bankruptcy resolution, aiming to improve the ease of doing business in India by providing a clear, fast, and predictable mechanism for debt resolution. It established the Insolvency and Bankruptcy Board of India (IBBI) as the regulatory body.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The ‘Insolvency and Bankruptcy Code’ was introduced to facilitate the resolution of insolvency cases and to improve the ease of doing business in India. In which year was it enacted? [amp_mcq option1=”2013″ option2=”2015″ option3=”2016″ option4=”2017″ correct=”option3″] This question was previously asked in UPSC Combined Section Officer – 2019-20 Download PDFAttempt Online The Insolvency and Bankruptcy … <\/p>\n

Detailed SolutionThe ‘Insolvency and Bankruptcy Code’ was introduced to facilitate the<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1483,1120,1163],"class_list":["post-93597","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-2019-20","tag-economic-development","tag-industrial-sector","no-featured-image-padding"],"yoast_head":"\nThe 'Insolvency and Bankruptcy Code' was introduced to facilitate the<\/title>\n<meta name=\"description\" content=\"The Insolvency and Bankruptcy Code (IBC) was enacted in the year 2016. The Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 'Insolvency and Bankruptcy Code' was introduced to facilitate the\" \/>\n<meta property=\"og:description\" content=\"The Insolvency and Bankruptcy Code (IBC) was enacted in the year 2016. The Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:53:25+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The 'Insolvency and Bankruptcy Code' was introduced to facilitate the","description":"The Insolvency and Bankruptcy Code (IBC) was enacted in the year 2016. The Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/","og_locale":"en_US","og_type":"article","og_title":"The 'Insolvency and Bankruptcy Code' was introduced to facilitate the","og_description":"The Insolvency and Bankruptcy Code (IBC) was enacted in the year 2016. The Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:53:25+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/","name":"The 'Insolvency and Bankruptcy Code' was introduced to facilitate the","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:53:25+00:00","dateModified":"2025-06-01T11:53:25+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The Insolvency and Bankruptcy Code (IBC) was enacted in the year 2016. The Insolvency and Bankruptcy Code, 2016, is a comprehensive law enacted by the Parliament of India to consolidate the laws relating to insolvency and bankruptcy in India. It provides a time-bound process for resolving insolvency of companies and individuals.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-insolvency-and-bankruptcy-code-was-introduced-to-facilitate-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC Combined Section Officer","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-combined-section-officer\/"},{"@type":"ListItem","position":3,"name":"The ‘Insolvency and Bankruptcy Code’ was introduced to facilitate the"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/93597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=93597"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/93597\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=93597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=93597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=93597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}