Question : The Cabinet Minister for the Ministry of Corporate Affairs, as of June 30, 2020, was ______.
Option 1: Nirmala Sitharaman
Option 2: Subrahmanyam Jaishankar
Option 3: Ravi Shankar Prasad
Option 4: Nitin Jairam Gadkari
Correct Answer: Nirmala Sitharaman
Solution : The correct answer is Nirmala Sitharaman .
The Cabinet Minister for the Ministry of Corporate Affairs as of June 30, 2020, was Nirmala Sitharaman. Sitharaman's tenure as the Minister of Corporate Affairs was marked by several significant initiatives, including the introduction of the Insolvency and Bankruptcy Code (IBC) in 2016, which aimed to streamline the process of resolving corporate insolvency in India. She is the first full-time female Finance Minister of India since 2019.
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