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

    Question

    What is the term duration for the Chairperson and a

    Member in office of the International Financial Services Centres Authority as per the IFSCA Act?
    A Two years Correct Answer Incorrect Answer
    B Three years Correct Answer Incorrect Answer
    C Four years Correct Answer Incorrect Answer
    D Five years Correct Answer Incorrect Answer
    E Indefinite Correct Answer Incorrect Answer

    Solution

    Section 6. Terms of office and conditions of service of Chairperson and other Members.—(1) The Chairperson and a Member shall hold office for a term of three years from the date on which he enters upon his office and shall be eligible for re-appointment: Provided that no person shall hold office as a Chairperson after he has attained the age of sixty-five years or as a whole-time member after he has attained the age of sixty-two years.

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