1BBI: 5th National Online Quiz On IBC [1st- 31st August]
LIVELAW NEWS NETWORK
7 Aug 2024 2:48 PM IST
![1BBI: 5th National Online Quiz On IBC [1st- 31st August]](https://www.livelaw.in/h-upload/2024/08/07/750x450_554050-untitled-design-2024-07-27t125436174.webp "1BBI: 5th National Online Quiz On IBC [1st- 31st August]")
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 (Indian citizens) across the country, the IBBI has launched online Quiz in collaboration with MyGov.in.
The Quiz will be open on the MyGov portal at quiz.mygov.in for a period of one month from 1st August, 2024 to 31st August, 2024.
The Quiz is open to Indian citizens aged 18 years and above as on 1st August, 2024. The Quiz is available both in English and Hindi. A participant may choose either of the languages. The Quiz will have 20 (twenty) multiple choice questions, each carrying one mark. A participant will get 10 (ten) minutes to complete the Quiz. There will be no negative marking.
Awards:
1. The best performer will be awarded a Gold Medal along with a cash prize of ₹ 1,00,000/- (One lakh rupees only).
2. The second-best performer will be awarded a Silver Medal along with a cash prize of ₹ 50,000/- (Fifty thousand rupees only).
3. The third best performer will be awarded a Bronze Medal along with a cash prize of ₹ 25,000/- (Twenty-five thousand rupees only).
4. The next ten best performers will be awarded consolation prizes of ₹ 10,000/- (Ten thousand rupees only) each. These prizes and medals will be given away at an appropriate function to be decided by the IBBI.
