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Parliament & Legislation MCQ — 2 Practice Questions with Answers

Practice 2 Parliament & Legislation multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Indian Polity & Governance

Practice Questions

Q1. The Corporate Laws (Amendment) Bill 2026, introduced in Lok Sabha on March 23, 2026, primarily seeks to amend which two Acts?

A Companies Act 2013 and Insolvency and Bankruptcy Code 2016
B Companies Act 2013 and Limited Liability Partnership (LLP) Act 2008 Correct
C SEBI Act 1992 and Companies Act 2013
D LLP Act 2008 and Partnership Act 1932

Explanation

The Corporate Laws (Amendment) Bill 2026 amends two legislations: (1) the Companies Act, 2013 and (2) the Limited Liability Partnership (LLP) Act, 2008. It decriminalises minor offences in both Acts and introduces other reforms including new employee compensation instruments and trust-to-LLP conversion.

Q2. The Corporate Laws (Amendment) Bill 2026 designates which body as the statutory Valuation Authority for registering valuers in India?

A Insolvency and Bankruptcy Board of India (IBBI) Correct
B Securities and Exchange Board of India (SEBI)
C Reserve Bank of India (RBI)
D National Financial Reporting Authority (NFRA)

Explanation

The Corporate Laws (Amendment) Bill 2026 designates the Insolvency and Bankruptcy Board of India (IBBI) as the statutory Valuation Authority, making it responsible for granting certificates of registration and recognition to valuers under the Companies Act and LLP Act.

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Frequently Asked Questions

How many Parliament & Legislation MCQ questions are available?
There are 2 Parliament & Legislation practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.
Are answers and explanations provided for Parliament & Legislation MCQs?
Yes, every Parliament & Legislation question comes with the correct answer and a detailed explanation to help you understand the underlying concept.
How is Parliament & Legislation relevant to the RAS/RPSC exam?
Parliament & Legislation falls under the Indian Polity & Governance 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 Parliament & Legislation questions in Hindi?
Yes, Aspirant Academy offers bilingual support. You can practice Parliament & Legislation MCQs in both English and Hindi, including questions, options, and explanations.

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