Question

What responsibility does the Board have regarding investments?

a.

To directly manage all investment functions

b.

To lay down clear norms for investing in 'Other Investments'

c.

To outsource all investment functions to ensure efficiency

d.

To perform internal audits of investment functions

Answer: (b).To lay down clear norms for investing in 'Other Investments' Explanation:The Board shall lay down clear norms for investing in 'Other Investments' as specified under sections 27A(2) and 27B(3) of the Insurance Act 1938 by the Investment Committee.

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Q. What responsibility does the Board have regarding investments?

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