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The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?
1. All regulators will have an empowered board, the role of each of the members has been defined.
2. The Commission envisages an important process of judicial review of the regulations.
3. The draft code does not mention about executive powers
Select the correct answer using the code given below.
  • a)
    1 and 2 only
  • b)
    2 only
  • c)
    1 and 3 only
  • d)
    1,2 and 3
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The Financial Sector Legislative Reforms Commission report submitted r...
Option (a) is the correct choice.
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Most Upvoted Answer
The Financial Sector Legislative Reforms Commission report submitted r...
Explanation:

- All regulators will have an empowered board, the role of each of the members has been defined: The proposal suggests that all regulators will have a board with defined roles for each member. This is aimed at ensuring better governance and accountability within regulatory bodies.
- The Commission envisages an important process of judicial review of the regulations: The report recommends the establishment of a process for judicial review of regulations. This is crucial as it allows for an external check on the decisions and actions of regulatory bodies, ensuring transparency and fairness.
- The draft code does not mention about executive powers: The report does not mention anything about executive powers. This could imply that the focus is more on the regulatory and governance aspects rather than executive decision-making powers.
Overall, these proposals aim to enhance the effectiveness and transparency of the financial regulatory framework, ensuring better governance and accountability within the sector.
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The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?1. All regulators will have an empowered board, the role of each of the members has been defined.2. The Commission envisages an important process of judicial review of the regulations.3. The draft code does not mention about executive powersSelect the correct answer using the code given below.a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1,2 and 3Correct answer is option 'A'. Can you explain this answer?
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The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?1. All regulators will have an empowered board, the role of each of the members has been defined.2. The Commission envisages an important process of judicial review of the regulations.3. The draft code does not mention about executive powersSelect the correct answer using the code given below.a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1,2 and 3Correct answer is option 'A'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?1. All regulators will have an empowered board, the role of each of the members has been defined.2. The Commission envisages an important process of judicial review of the regulations.3. The draft code does not mention about executive powersSelect the correct answer using the code given below.a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1,2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?1. All regulators will have an empowered board, the role of each of the members has been defined.2. The Commission envisages an important process of judicial review of the regulations.3. The draft code does not mention about executive powersSelect the correct answer using the code given below.a)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)1,2 and 3Correct answer is option 'A'. Can you explain this answer?.
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