Quiz on IBC and Valuation - March 2024
Monthly quiz on Insolvency and Bankruptcy Code and Valuation organised by Insolvency & Valuation Standards Board (I&VSB) of ICAI
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ICAI/ IP/ RV Membership No. *
1. The Insolvency and Bankruptcy Code, 2016 has adopted which model for Corporate Insolvency Resolution Process (CIRP)? *
2. Which of the following processes is not typically associated with individual insolvency? *

3. The pre-packaged insolvency resolution process shall be completed within a period of ………………. from the pre-packaged insolvency commencement date

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4. The timeline of 180 days for the Corporate Insolvency Resolution Process commences from the *
5. Which is the highest appellate authority in case of Insolvency and Bankruptcy Code 2016? *
6. This Code extends to- *
7. The provisions of this Code shall apply to— *
8. Who may initiate corporate insolvency resolution process? *
9. The Adjudicating Authority may allow the withdrawal of application admitted under section 7 or section 9 or section 10, on an application made by the applicant with the approval of………. voting share of the committee of creditors, in such manner as may be specified. *
10. The order of moratorium shall have effect from the date of such order till the *
11. Which is the authority for administering the Registered Valuers in India? *
12.  Which is the first accounting body in India to bring out the Valuation Standards? *
13. Number of Valuation Standards issued under ICAI Valuation Standard 2018. *
14.    In which year ICAI notified ICAI Valuation Standards *
15. ICAI Valuation Standard 102 provides framework for: *
16. ICAI Valuation Standard 103 provides framework for *
17. When the provisions of Section 247 of the Companies Act, 2013 became applicable?
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18. RVOs under the Companies (Registered Valuers and Valuation) Rules, 2017 stands for?
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19. Which Section of the Companies Act, 2013 mandates valuation by a Registered Valuer?
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20. What are the Approaches used  to derive the value of the asset?
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