Question

Choose the correct options from below:
(Institutions/Code/Act) _ _ _ _

• A. C, D, E Only
• B. A, B, C Only
• C. A & B Only
• D. D & E Only

Hint:

IBC 2016 is an important economic reform law dealing with insolvency resolution in India.

Answer 1

The Correct Option is B

Concept:
This question checks knowledge of important Indian Acts and institutions along with their establishment years.

Step 1: Examine Statement A. The Insolvency and Bankruptcy Code (IBC) was enacted in: \[ 2016 \] Thus, Statement A is correct.

Step 2: Examine Statement B. The Chartered Accountants Act was enacted in: \[ 1949 \] Thus, Statement B is correct.

Step 3: Examine Statement C. The Competition Act was enacted in: \[ 2002 \] Thus, Statement C is correct.

Step 4: Examine Statement D. Indian Institute of Foreign Trade (IIFT) was established in: \[ 1963 \] and not 1863. Hence, Statement D is incorrect.

Step 5: Examine Statement E. Indian Institute of Packaging was established in: \[ 1966 \] and not 1956. Thus, Statement E is incorrect.

Step 6: Identify correct statements. Correct statements are: \[ A, B, C \]

Step 7: Conclusion. Hence, the correct answer is: \[ \boxed{\text{A, B, C Only}} \]