Question
As per the IRDA Act who constitutes the Authority, and
what qualifications are required for its members?Solution
Explanation: Section 4. Composition of Authority: The Authority shall consist of the following members, namely:--(a) a Chairperson; (b) not more than five whole-time members; (c) not more than four part-time members, to be appointed by the Central Government from amongst persons of ability, integrity and standing who have knowledge or experience in life insurance, general insurance, actuarial science, finance, economics, law, accountancy, administration or any other discipline which would, in the opinion of the Central Government, be useful to the Authority.
Which of the following RBI directions provides the legal authority for the issuance of the Master Direction on KYC?
Which of the following does not fall under the category of commercial banks ?
Which company received RBI approval to become a Core Investment Company (CIC)?
Where are ethical standards typically based?
How much did the Reserve Bank of India approve to transfer as a dividend to the Government of India for FY24?
Which of the following financial institution is responsible for the development of housing finance sector in India?
What is a special purpose vehicle (SPV) in project finance?
Interim Dividend can be paid out of which of the following?
When was NABARD established?
The Comptroller and Auditor-General of India shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an auditor...
