Question : Insurance sector in India is regulated by:
Option 1: RBI
Option 2: CII
Option 3: IRDA
Option 4: SEBI
Correct Answer: IRDA
Solution : The correct option is IRDA.
The Insurance Regulatory and Development Authority of India (IRDAI) oversees the insurance industry in India.. According to the Insurance Regulatory and Development Authority Act of 1999, IRDAI is a self-governing, statutory organization. In addition to ensuring fair practices, defending the rights of policyholders, and fostering the expansion and development of the insurance sector, it is in charge of regulating and overseeing the Indian insurance market.
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Question : Who is the regulator of the insurance sector in India?
Option 1: IRDAI
Option 2: RBI
Option 3: SEBI
Option 4: PFRDA
Question : Which of the following institutions does not regulate capital markets in India?
Option 1: Ministry of finance
Option 2: IRDA
Option 3: RBI
Question : Which of the following controls the insurance business of India?
Option 2: IDBI
Option 4: IRDAI
Question : Monetray policy in India is formulated by:
Option 1: Finance Ministry
Option 4: CLB
Question : Which of the following institutions regulates and supervises the functioning of insurance companies in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Insurance Regulatory and Development Authority of India (IRDAI)
Option 3: Securities and Exchange Board of India (SEBI)
Option 4: None of the above
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