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      Question

      As per the IRDA Act, 1999 the Authority shall maintain

      proper accounts and other relevant records and prepare an annual statement of accounts in such form_______________
      A As may be prescribed by the Central Government Correct Answer Incorrect Answer
      B As may be prescribed by the Central Government in consultation with the Insurer Correct Answer Incorrect Answer
      C As may be prescribed by the Central Government in consultation with the Comptroller and Auditor-General of India Correct Answer Incorrect Answer
      D As the Authority may frame from time to time for it Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Explanation: Section 17 Accounts and Audit- (1) The Authority shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such form as may be prescribed by the Central Government in consultation with the Comptroller and Auditor-General of India

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