Correct option is B
The correct answer is (b) Both A and B are true
Explanation:
- Statutory bodies are created by an Act of Parliament or State Legislature.
Examples: - SEBI (Securities and Exchange Board of India) – established by SEBI Act, 1992
- NHB (National Housing Bank) – established under the NHB Act, 1987
- Constitutional bodies derive their powers and existence directly from the Constitution of India.
Examples: - Election Commission of India – Article 324
- Comptroller and Auditor General (CAG) – Article 148
- Finance Commission – Article 280
Information Booster:
Type of Body | Source of Power | Examples |
Constitutional Body | Constitution of India | EC, UPSC, CAG, Finance Commission |
Statutory Body | Act passed by Legislature | SEBI, NHRC, RBI, NCLAT, NGT |
Executive Body | Executive resolution/order | NITI Aayog, UIDAI (initially), PM CARES Fund |
English
80 Questions
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60 Mins
