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    Question

      The IFSCA shall consist of a Chairman and one Member

    each to be nominated by_______________________
    A RBI, ex-officio Correct Answer Incorrect Answer
    B SEBI, ex-officio Correct Answer Incorrect Answer
    C IRDA, ex-officio Correct Answer Incorrect Answer
    D All a b & c Correct Answer Incorrect Answer
    E Both a & b Correct Answer Incorrect Answer

    Solution

    IFSCA Act: Section 5 Composition of Authority: (1) The Authority shall consist of the following Members, to be appointed by the Central Government, namely:— (a) a Chairperson; (b) one Member each to be nominated by— (i) the Reserve Bank of India, ex officio; (ii) the Securities and Exchange Board of India, ex officio; (iii) the Insurance Regulatory and Development Authority of India, ex officio; and (iv) the Pension Fund Regulatory and Development Authority, ex officio; (c) two Members, from amongst the officials of the Ministry dealing with Finance, to be nominated by the Central Government, ex officio; and (d) two other Members to be appointed by the Central Government on the recommendation of a Selection Committee.

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