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Question 1
What is the minimum threshold of default required to initiate the Corporate Insolvency Resolution Process (CIRP) under Section 4 of the Insolvency and Bankruptcy Code, 2016, as per the current notification?
Correct Answer:
₹1 Crore
Question 2
Under Section 7 of the IBC, 2016, who among the following is entitled to file an application for initiating CIRP against a corporate debtor?
Correct Answer:
A Financial Creditor
Question 3
What is the mandatory timeline for the completion of the Corporate Insolvency Resolution Process (CIRP) under Section 12 of the IBC, including any extensions and litigation periods?
Correct Answer:
330 days
Question 4
For a corporate debtor that is an MSME, what is the default threshold required to initiate a Pre-packaged Insolvency Resolution Process (PPIRP) under Section 54A?
Correct Answer:
₹10 Lakhs
Question 5
Under Section 14 of the IBC, which of the following is NOT suspended or prohibited by the declaration of a moratorium by the Adjudicating Authority?
Correct Answer:
The supply of essential goods or services to the corporate debtor as may be specified
Question 1
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About this Exam

Prepare with the IBBI Limited Insolvency Practice Questions - IBBI Limited Insolvency Examination Exam practice quiz. This question bank includes 100 questions covering section, corporate, resolution, debtor, and crores. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IBBI Limited Insolvency Practice Questions - IBBI Limited Insolvency Examination Exam

This practice set contains 100 questions from the matching question bank and focuses on section, corporate, resolution, debtor, and crores. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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