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1. |
As per the passage, how was the money distributed among the creditors after the insolvency of the corporation? |
A. | Unnecessary intervention of the banks would lead to the division of money among the shareholders and the board of directors. |
B. | The money would be deployed to the highest bidder and remaining would be kept by the banks. |
C. | The money would be shared equally among the sundry suppliers and the unsecured lenders. |
D. | Both (a) and (b) |
E. | None of these |
Answer» D. Both (a) and (b) | |