SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    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.

You need to login to perform this action.
You will be redirected in 3 sec spinner