The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible for implementation of the IBC. It is responsible for development and regulation of insolvency professionals and other service providers. It regulates various processes, namely, corporate insolvency resolution, corporate liquidation, fresh start, individual insolvency resolution and individual bankruptcy. It acts as the ‘Authority’ for regulation and development of the profession of valuers.
To promote awareness and understanding of the IBC among various stakeholders across the country, the IBBI has launched this online Quiz in collaboration with MyGov.in
Eligibility
The Quiz is open to Indian citizens aged 18 years and above. Individuals working in IBBI (permanent and contractual), service providers under the IBC and registered with IBBI andalso their immediate family members are not permitted to participate in the Quiz. A participant is required to self-certify that he/she is eligible to take the Quiz and also that he/she abides by these terms and conditions.
How to participate
One needs to register on the MyGov portal before taking the Quiz. For registration, you need to submit an active valid mobile number and an active e-mail ID. The same mobile number or e-mail ID cannot be used twice for registration. This means that you can participate in the Quiz only once.
The Quiz will have 20 (twenty) questions, each carrying one mark. One will get 10 (ten) minutes to complete the Quiz.
Performance in the Quiz will be evaluated based on “Maximum Correct Answers in the Shortest Time”. For example, if many individuals secure 20 marks, they will be ranked on the basis of the time taken to complete the Quiz, as electronically determined. The individual, who has completed the Quiz at the earliest shall be considered the best performer. After ranking the individuals with score of 20, the individuals with score of 19 will be ranked, and so on.
The Quiz is available both in English and Hindi.
The Quiz is open from 1st July, 2020 to 31st July, 2020.
Prizes
The best performer will be awarded a Gold Medal along with a cash prize of Rs.1,00,000 (One lakh rupees only). The second-best performer will be awarded a Silver Medal along with a cash prize of Rs.50,000 (Fifty thousand rupees only). The third-best performer will be awarded a Bronze Medal along with a cash prize of Rs.25,000 (Twenty-five thousand rupees only). These medals will be given away at an appropriate function to be decided by the IBBI.
Besides the above, top 10% of the participants in terms of performance shall be issued a “Certificate of Merit”.
For full details, visit the link below.
National Online Quiz on Insolvency and Bankruptcy Code
Brochure of the competition with Sample Quiz
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