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    Question

    The International Financial Services Centres Authority Fund shall be applied for _____________

    A Meeting the salaries, allowances and other remuneration of Members, officers and other employees of the Authority Correct Answer Incorrect Answer
    B Meeting other expenses incurred by the Authority in connection with the discharge of its functions and for the purposes of the IFSCA Act Correct Answer Incorrect Answer
    C Meeting the needs of such other purposes as the Central Government may notify on this behalf from time to time Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer
    E All a b & c Correct Answer Incorrect Answer

    Solution

    Section 15 Fund of Authority: (2) The Fund shall be applied for meeting— (a) the salaries, allowances and other remuneration of Members, officers and other employees of the Authority; and (b) other expenses incurred by the Authority in connection with the discharge of its functions and for the purposes of this Act.

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