With reference to the National Financial Reporting Authority (NFRA), consider the following statements: 1. NFRA is an independent regulatory authority functioning under the Ministry of Corporate Affairs. 2. Its headquarters are located in Mumbai, India. Which of the statements given above is/are correct? |ForumIAS

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[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation:

Statement 1 is correct: NFRA is an independent regulator under the Ministry of Corporate Affairs.
Statement 2 is incorrect: Its headquarters are located in New Delhi, not Mumbai.

Source- BS