3
Question
Statutory body is a body that is created under an -
1. Act of parliament
2. Act of State legislatures
Select the correct answer from the options given below:
Statutory body is a body that is created under an -
1. Act of parliament
2. Act of State legislatures
Select the correct answer from the options given below:
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Solution
The correct option is D Either 1 or 2
Statutory body is a body that is created under an Act of Parliament or an Act of State Legislatures. Cabinet resolution should be passed to establish this body. It is an autonomous corporate body. For example: Reserve Bank of India, Securities and Exchange Board of India, State Human Rights Commission, etc.
Statutory body is a body that is created under an Act of Parliament or an Act of State Legislatures. Cabinet resolution should be passed to establish this body. It is an autonomous corporate body. For example: Reserve Bank of India, Securities and Exchange Board of India, State Human Rights Commission, etc.
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