The dedicated space above a panelboard extends to a dropped or suspended ceiling, which is considered a structural ceiling.
See answer and applicable Code reference
The correct answer is: b) False
All switchboards, panelboards and motor control centers shall be located in dedicated spaces and protected from damage. As noted in Sec. 110.26(E)(1)(d), "A dropped, suspended, or similar ceiling that does not add strength to the building structure shall not be considered a structural ceiling."