Get Started
570

Q:

As per the passage, how was the money distributed among the creditors after the insolvency of the corporation?

  • 1
    Unnecessary intervention of the banks would lead to the division of money among the shareholders and the board of directors.
  • 2
    The money would be deployed to the highest bidder and remaining would be kept by the banks.
  • 3
    The money would be shared equally among the sundry suppliers and the unsecured lenders.
  • 4
    Both (a) and (b)
  • 5
    None of these
  • Show Answer
  • Workspace

Answer : 3. "The money would be shared equally among the sundry suppliers and the unsecured lenders."

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today