A) Insurance Regulatory and Development Authority
B) International Resources Development Agency
C) Indian Roads Development Authority
D) Indian Rural Development Authority
Correct Answer: A
Solution :
Sol. IRDA stands for Insurance Regulatory and Development Authority of India. It is an autonomous, statutory body tasked with regulating and promoting the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India. Its headquarters was in Hyderabad (Telangana) from where it moved to Delhi in 2001.
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