Question : Which of the following controls the insurance business of India?
Option 1: RBI
Option 2: IDBI
Option 3: SEBI
Option 4: IRDAI
Correct Answer: IRDAI
Solution : The correct option is IRDAI.
The regulatory organization in charge of observing and controlling the insurance sector in India is the Insurance Regulatory and Development Authority of India (IRDAI). The protection of policyholder interests and the steady development of India's insurance industry are the responsibilities of IRDAI. It accomplishes this by establishing and enforcing rules and regulations for insurance providers, brokers, and other industry participants.
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Question : Who is the regulator of the insurance sector in India?
Option 1: IRDAI
Option 2: RBI
Option 4: PFRDA
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 : Which of the following institutions regulates and supervises the functioning of insurance companies in India?
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
Question : Which of the following institutions regulates and supervises the functioning of non-banking financial companies (NBFCs) in India?
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