Sec. 47(3), Motor Vehicles Act empowers the Regional Transport Authority to limit the number of stage carriage permits. Explain the nature of the function exercised.
1
This is a judicial function, as the Authority's decision is based on an official policy.
2
This is a quasi-judicial function, as the Authority's decision is based on an official policy.
3
This is an administrative function, as the Authority's decision is based on an official policy.
4
None of the above