A) Statutory body
B) Constitutional body
C) Quasi-judicial body
D) Autonomous body
E) Both A and D
Correct Answer: E
Solution :
Insurance Regulatory and Development Authority (IRDA) is an autonomous apex statutory body which regulates and develops the Insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999.You need to login to perform this action.
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