Where is Managed Code executed?

110.

Managed code runs on the IIS server environment

Managed code runs inside the environment of CLR

Managed code runs outside the environment of CLR

Managed code run as part of the Garbage Collector

Managed code runs inside the environment of CLR i.e. .NET runtime.In short all IL are managed
code.But if you are using some third party software example VB6 or VC++ component they are
unmanaged code as .NET runtime (CLR) does not have control over the source code execution
of the language.