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Economic Affairs Balance of Payments

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India’s first international arbitration centre was set up in New Delhi.

Insolvency and Bankruptcy Code 2016 introduced an alternate insolvency resolution process for (MSMEs) with defaults up to Rs 1 crore called the Pre-packaged Insolvency Resolution Process (PIRP).

Ministry of Social Justice deals with management of Haj Pilgrimage and including administration of Haj Committee Act, 1959.

‘Hawala’ in India is prohibited under Foreign Exchange Management Act.

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Explanation:

1st statement is incorrect because it is Hyderabad
2nd statement is incorrect because Insolvency and Bankruptcy amendment bill , 2021 ; introduced an alternate insolvency resolution process for (MSMEs) with defaults up to Rs 1 crore called the Pre-packaged Insolvency Resolution Process (PIRP).
3rd statement is incorrect because it is Ministry of Minority Affairs.