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Which of the following bodies holds administrative control over the Institute of Chartered Accountants of India (ICAI)?

  1. A
    Ministry of Finance
  2. B
    Securities and Exchange Board of India
  3. C
    Reserve Bank of India
  4. D
    Ministry of Corporate Affairs

Solution & Step-by-step Explanation

The Institute of Chartered Accountants of India (ICAI) is a statutory premier professional body established under the Chartered Accountants Act, 1949. It falls under the administrative jurisdiction of the Ministry of Corporate Affairs, Government of India.

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Which of the following bodies holds administrative control over the Institute of Chartered Accountants of India (ICAI)?
A
Ministry of Finance
B
Securities and Exchange Board of India
C
Reserve Bank of India
D
Ministry of Corporate Affairs

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Indian PolityRegulatory BodiesStatutory Corporate Matters

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