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    Question

    What are the maximum number of times the Performance

    Review Committee shall make the review in every financial year?
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E No maximum number prescribed 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 ü  adherence to applicable laws, ü  transparency and best practices of governance while making regulations and ü  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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