Question

    Who shall constitute the Performance Review

    Committee?
    A IFSCA Correct Answer Incorrect Answer
    B Central Government Correct Answer Incorrect Answer
    C RBI Correct Answer Incorrect Answer
    D SEBI Correct Answer Incorrect Answer
    E Parliament Correct Answer Incorrect Answer

    Solution

    Performance Review Committee • Constituted by the Authority • Consist of at least 2 members of the Authority • Reviews the functioning of Authority in relation to  adherence to applicable laws,  transparency and best practices of governance while making regulations and  risk management in a reasonable manner • The Performance Review Committee shall make the review at least once in every financial year, and submit a report of its findings to the Authority which shall forward a copy thereof along with action taken, if any, pursuant to such report to the Central Government within a period of three months from the date of receipt of the report.

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