📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      The Fund constituted under the IRDA Act, 1999 shall be

      only used for meeting_____________
      A The salaries, allowances and other remuneration of the members, officers and other employees of the Authority Correct Answer Incorrect Answer
      B The other expenses of the Authority in connection with the discharge of its functions and for the purposes of this Act Correct Answer Incorrect Answer
      C The expenses related with the proceedings of the Tribunal under the Act Correct Answer Incorrect Answer
      D Both (a) & (b) Correct Answer Incorrect Answer
      E Either (b) or (c) Correct Answer Incorrect Answer

      Solution

      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.

      Practice Next
      More Banking Related Laws Questions
      ask-question