Under the Banning of Unregulated Deposit Schemes Act, 2019, an officer appointed as Competent Authority…
Under section 7(1) of the BUDS Act, the Competent Authority must be an officer not below the rank of Secretary to that Government, not a District Magistrate, Joint Secretary…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, an officer appointed as Competent Authority shall not be below the rank of:
Answer and explanation
Correct answer B
Under section 7(1) of the BUDS Act, the Competent Authority must be an officer not below the rank of Secretary to that Government, not a District Magistrate, Joint Secretary or Superintendent of Police.