Banking and Insolvency MCQ — 2 Practice Questions with Answers

Practice 2 Banking and Insolvency multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Economy

Q1. How much debt has been resolved under the Insolvency and Bankruptcy Code (IBC) in its 9 years since launch in 2016?

A Over Rs 12 lakh crore

B Over Rs 20 lakh crore

C Over Rs 30 lakh crore

D Over Rs 26 lakh crore Correct

Explanation

Since its 2016 launch, the IBC has helped resolve over Rs 26 lakh crore in debt — Rs 12 lakh crore through NCLT admissions and nearly Rs 14 lakh crore through pre-admission deterrence.

Q2. According to the IBC 9-year review, NPAs in Indian banks declined from 10.9% in FY 2017-18 to what level in FY 2024-25?

A 5.2%

B 2.3% Correct

C 3.8%

D 1.1%

Explanation

NPAs declined from 10.9% in FY 2017-18 to 2.3% in FY 2024-25, demonstrating the effectiveness of the IBC framework along with 3,763 companies revived.

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Frequently Asked Questions

How many Banking and Insolvency MCQ questions are available?

There are 2 Banking and Insolvency practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

Are answers and explanations provided for Banking and Insolvency MCQs?

Yes, every Banking and Insolvency question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

How is Banking and Insolvency relevant to the RAS/RPSC exam?

Banking and Insolvency falls under the Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

Can I practice Banking and Insolvency questions in Hindi?

Yes, Aspirant Academy offers bilingual support. You can practice Banking and Insolvency MCQs in both English and Hindi, including questions, options, and explanations.

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Banking and Insolvency MCQ — 2 Practice Questions with Answers

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