MCQ
NFRA Advisory Committee MCQ - Practice Questions with Answers
Solve 1 NFRA Advisory Committee questions for RAS/RPSC preparation.
Practice questions
Q1Consider the following statements regarding the Advisory Committee on Audit Quality, Assurance and Technology reported by PIB on 4 September 2026: 1. NFRA constituted the committee under Rules 15 and 16 of the National Financial Reporting Authority Rules, 2018. 2. The release describes this advisory committee as the first of its kind constituted by NFRA. Which of the statements given above is/are correct?
Explanation
Statement 1 is correct: the committee was constituted under Rules 15 and 16 of the NFRA Rules, 2018. Statement 2 is incorrect: the release says this is the third such advisory committee, not the first. Hence only statement 1 is correct.
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