New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What are the powers which have been vested to the

    Authority under the Insurance Act, 1938?
    A By an order in writing, direct the Investigating Officer to investigate the affairs of any insurer or intermediary or insurance intermediary, as the case may be Correct Answer Incorrect Answer
    B May issue directions to insurers generally or to any insurer in particular if it is in public interest or to secure the proper management of any insurer etc. Correct Answer Incorrect Answer
    C May, from time to time, by order in writing, appoint, in consultation with the Central Government one or more persons to hold office as additional directors of the insurer Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer
    E Both (b) & (c) Correct Answer Incorrect Answer

    Solution

    section 33 -To investigate and inspect, section 34 -To issue directions, section 34C- To appoint additional directors’ and few others under the Act

    Practice Next

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