IBPS PO Mains 4 Feb 2021 Paper
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Question : 17 of 100
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Directions: The question given below consists of a passage, followed by three arguments I, II and III. You have to decide which of the arguments is/are 'strong' arguments and which of the arguments are 'weak' arguments and accordingly choose your answer from the alternatives given below each question.
Passage: The Union Cabinet has cleared the proposal to suspend Insolvency and Bankruptcy Code (IBC) proceedings for bank defaulters for six months with a provision to extend the period for up to one year. This will be applicable for NPAs (non-performing assets) after March 25, 2020. Along with that, there is an exclusion of COVID-19 related debt/defaults from the definition of default under IBC.
Is this a good step from the Government?
Arguments:
I. Yes. The move will offer relief to a lot of companies affected by the COVID-19 crisis.
II. No. This will encourage borrowers to default on their debt obligations and create a bad credit culture in society.
III. No. This will adversely affect loan recoveries of Banks and increase stress on the Banking system.
Passage: The Union Cabinet has cleared the proposal to suspend Insolvency and Bankruptcy Code (IBC) proceedings for bank defaulters for six months with a provision to extend the period for up to one year. This will be applicable for NPAs (non-performing assets) after March 25, 2020. Along with that, there is an exclusion of COVID-19 related debt/defaults from the definition of default under IBC.
Is this a good step from the Government?
Arguments:
I. Yes. The move will offer relief to a lot of companies affected by the COVID-19 crisis.
II. No. This will encourage borrowers to default on their debt obligations and create a bad credit culture in society.
III. No. This will adversely affect loan recoveries of Banks and increase stress on the Banking system.
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