MCQ Answer
A. Issuing licenses
B. Renewing licenses
C. Supervising financial accounts of HGOs
Correct
Explanation
The statutory powers of the concerned division center on operational oversight and licensing (issuing, renewing, suspending, or rescinding licenses). Direct internal day-to-day auditing or management of private commercial bank accounts of independent HGOs lies outside its primary scope.
D. Suspending or rescinding licenses
Correct Answer
Supervising financial accounts of HGOs