New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    According to Section 10(3) of the IRDA Act, how are questions decided in a meeting of the Authority?

    A Unanimous agreement of all members Correct Answer Incorrect Answer
    B Simple majority vote Correct Answer Incorrect Answer
    C Two-thirds majority vote Correct Answer Incorrect Answer
    D Decision by the Chairperson only Correct Answer Incorrect Answer
    E Majority vote with the Chairperson having a second or casting vote in case of a tie 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
    ×
    ×