This question focuses on the specific provisions of the Insurance Act, 1938, particularly concerning the financial aspects and conduct of insurers. It tests the candidate's familiarity with the detailed workings of the Act.
Which of the following is/are correct as per the Insurance Act, 1938? (i) Wrongfully obtaining or withholding property - Section 105 (ii) Sufficiency of Assets - Section 64VA (iii) Powers of the Executive Committees to act together in certain cases - Section 64Q (iv) Duration and dissolution of Executive Committees - Section 64I
Asked in Paper I 4 · Topic: The Parliamentary Act (Powers and Functions of Parliament (Legislative, Executive, Financial, Constituent))
More Indian Polity and Governance questions
- Select the statement which is not FALSE. The Sale of Goods Act 1930, does not contain provisions: (i) As to how contracts for sale are to be made. (ii) About the validity or legality of such contracts for sale.
- Which of the following is correct as per the Electricity Act, 2003? (i) Power for licensee to enter premises and to remove fittings or other apparatus of licensee – Section 164 (ii) Exercise of powers of telegraph authority in certain cases – Section 165 (iii) Notice of accidents – Section 161 (iv) Coordination forum – Section 166
- Which of the following is incorrect as per the Food Safety and Standards Act, 2006? (i) Sampling and analysis – Section 74 (ii) Penalty for unhygienic or unsanitary processing or manufacturing of food – Section 65 (iii) Punishment for obstructing or impersonating a Food Safety Officer – Section 62 (iv) Punishment for unsafe food – Section 59
- The seller asserted that there was nothing wrong with the animal he was selling and offered to take her back if she turned out not to be what he said she was; the offer of the seller to take her back clearly indicated that the statement was: (i) A condition (ii) A warranty (iii) Either (i) or (ii) subject to selection by buyer (iv) Either (i) or (ii) as decided by seller
- Food Safety Appellate Tribunal may be established
- The presiding officer of the Appellate Tribunal cannot be removed from office without giving him reasonable opportunity of hearing him in case
- To adjudge the quantum of penalty, the adjudicating officer or the Tribunal shall have due regard to
- The object of Bureau of Indian Standards Act, 2016 is
