New Enroll in our GIC Finance Online Course Here!

    Register

    Question

      How are decisions made in a meeting of the Insurance

    Regulatory and Development Authority of India as per the IRDA Act?
    A By unanimous agreement of all members present Correct Answer Incorrect Answer
    B By a simple majority vote of the members present Correct Answer Incorrect Answer
    C By a two-thirds majority vote of the members present Correct Answer Incorrect Answer
    D By a majority of votes, with the Chairperson having a second or casting vote in case of a tie Correct Answer Incorrect Answer
    E By a decision made solely by the Chairperson Correct Answer Incorrect Answer

    Solution

    Section 10 Meeting of the Authority- (3)All questions which come up before any meeting of the Authority shall be decided by a majority of votes by the members present and voting, and in the event of an equality of votes, the Chairperson, or in his absence, the person presiding shall have a second or casting vote.

    Practice Next