Question

The Fund constituted under the IRDA Act, 1999 shall be

Q: Answer-The Fund constituted under the IRDA Act, 1999 shall be only used for meeting_____________

Explanation Section 16 Constitution of Fund- 2 The Fund shall be applied for meeting-- a the salaries, allowances and other remuneration of the members, officers and other employees of the Authority b the other expenses of the Authority in connection with the discharge of its functions and for the purposes of this Act.

only used for meeting_____________

A The salaries, allowances and other remuneration of the members, officers and other employees of the Authority.

B The other expenses of the Authority in connection with the discharge of its functions and for the purposes of this Act.

C The expenses related with the proceedings of the Tribunal under the Act.

D Both (a) & (b)

E Either (b) or (c)

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The Fund constituted under the IRDA Act, 1999 shall be

Solution