The Insolvency and Bankruptcy Code Bill 2016 was passed by the Rajya Sabha on 11 May 2016. What is the main reason for the bill being seen as a transformational bill?

This will increase the intervention of the Center in the states.

This will help in improving India's ranking in the World Bank's business index.

This will increase the fundamental rights of the citizens.

The Insolvency and Bankruptcy Code Bill 2016 was passed by the Rajya S

1.	The Insolvency and Bankruptcy Code Bill 2016 was passed by the Rajya Sabha on 11 May 2016. What is the main reason for the bill being seen as a transformational bill?
A.	This will help in improving India's ranking in the World Bank's business index.
B.	This will increase the intervention of the Center in the states.
C.	This will increase the fundamental rights of the citizens.
D.	neither of the above
Answer» B. This will increase the intervention of the Center in the states.