Q: 29 (NDA-I/2014)

The Financial Sector Legislative Reforms Commission report submitted recently, among others, contained which of the following proposals?
1. All regulators will have an empowered board, the role of each of the members has been defined.
2. The Commission envisages an important process of judicial review of the regulations.
3. The draft code does not mention about executive powers.
Select the correct answer using the code given below.
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