Question : In which year was the Insurance Regulatory and Development Authority of India set up?
Option 1: 2002
Option 2: 1999
Option 3: 2011
Option 4: 1995
Correct Answer: 1999
Solution : The correct answer is 1999.
In line with the suggestions of the Malhotra Committee report in 1999, the Insurance Regulatory and Development Authority (IRDA) was established as an independent entity to oversee and foster the growth of the insurance sector. Formally constituted as a statutory body, the IRDA came into existence in April 2000. Its primary role is to regulate and promote the development of the insurance industry in India.
College Comparison based on Courses, Placement, Rank, Fee
Answer Key | Eligibility | Application | Admit Card | Preparation Tips | Result | Cutoff
Eligibility | Application | Admit Card | Result | Preparation Tips | Exam Pattern | Selection Process
Question : Which of the following is a regulatory authority for the Indian stock market?
Option 1: RBI (Reserve Bank of India)
Option 2: SEBI (Securities and Exchange Board of India)
Option 3: IRDAI (Insurance Regulatory and Development Authority of India)
Option 4: PFRDA (Pension Fund Regulatory and Development Authority)
Question : Which regulatory body oversees microfinance institutions in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Finance
Option 3: Insurance Regulatory and Development Authority of India (IRDAI)
Option 4: Securities and Exchange Board of India (SEBI)
Question : In which city is the head office of the Insurance Regulatory and Development Authority of India (IRDAI) situated?
Option 1: Hyderabad
Option 2: Mumbai
Option 3: Kolkata
Option 4: New Delhi
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile