Detailed explanation and options for the selected question.
What is the primary purpose of the Insolvency and Bankruptcy Code (IBC), 2016?
A.
Regulating banking operations
B.
Simplifying credit scoring
C.
Resolving insolvency and bankruptcy cases
D.
Improving financial literacy
Explanation:
The IBC, 2016, focuses on resolving insolvency and bankruptcy cases efficiently. It does not directly regulate banking or deal with financial literacy.