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Question

  As per the IFSCA Act no member except the ex officio Member, shall, for a period of _________________ from the date on which they cease to hold office as such accept any employment either under the Central Government or under any State Government

A One year Correct Answer Incorrect Answer
B Two years Correct Answer Incorrect Answer
C Five years Correct Answer Incorrect Answer
D Seven years Correct Answer Incorrect Answer
E Ten years Correct Answer Incorrect Answer

Solution

Section 6 Terms of office and conditions of service of Chairperson and other Members: (4) No Member, other than ex officio Member, shall, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept— (a) any employment either under the Central Government or under any State Government; or (b) appointment in any financial institution in the International Financial Services Centres.

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