Quiz_FIM_Part2

Which of the following is not a Non Banking Financial Company?

• Micro-finance institutions

• Merchant bank

• National housing bank

• Venture capital

The Internal Ratings Based (IRB) approach is used to measure

• Liquidity risk

• Market risk

• Credit risk

• Operational risk

Value at Risk is a measure of

• Credit risk

• Market risk

• Operational risk

• Liquidity risk

A credit rating agency is a

• Non banking financial company

• Non banking non financial company

• Non banking financial non-intermediary

• Statutory financial organization

Which of the following statement is true about Credit Rating Agencies (CRAs)?

 

Statement I: Credit Rating is a recommendation to buy or sell a security

Statement II: Credit Rating is based on information provided by the borrowers and the one obtained by CRA independently

Statement III: CRA does not perform audit functions or attests the veracity of information provided by the borrowers

• Only I

• Only II

• Only I and II

• Only II and III

For corporate debtors, the Insolvency and Bankruptcy Code proposes a two stage process. Which one of the following is not one of them?

• Debt restructuring 

• Liquidation, if not found viable

• Insolvency Resolution Process during which the viability of continuing the business is assessed

• None of these

When was the Insolvency and Bankruptcy Code (IBC) passed by the Lok Sabha?

• 2016

• 2015

• 2014

• 2013

What does NCLT stand for in the context of the insolvency code?

• National Company Liquidation Tribunal

• National Corporate Liquidation Tribunal

• National Company Law Tribunal

• None of these

Which of the following steps is not a part of Insolvency Resolution Process under the Insolvency and Bankruptcy Code (IBC)?

• Appointment of a creditors’ committee and formulation of a revival plan

•  Appointments of a resolution professional 

• Freeze on the sale of assets

• Liquidation of assets

Which of the following steps is not a part of Insolvency Resolution Process under the Insolvency and Bankruptcy Code (IBC)?

• Appointment of a creditors’ committee and formulation of a revival plan

• Appointments of a resolution professional 

• Moratorium on the sale of assets

• Liquidation of assets