|Consider the following statements about IRDA.|
|A. IRDA is involved only with Insurance, wherein re-insurance is related directly with the Ministry of Finance.|
|B. IRDA promotes and regulates professional organizations connected with the insurance and re-insurance business.|
|C. IRDA regulates investments of funds by the insurance companies. Which among the above statements is/are correct?|
A) Only A and B are correct
B) Only B and C are correct
C) Only B is correct
D) All the three are correct
Correct Answer: B
Solution :[b] Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body which regulates and develops the insurance industry in India.
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