Home PYQs UPPSC UPPSC MCQs Prelims 2002 (GS Paper I)

Question

For regulation of the Insurance Trade in the country the Government has formed:

  1. SEBI
  2. Reserve Bank of India
  3. Insurance Regulatory and Development Authority
  4. General Insurance Corporation

Answer:

Option C: Insurance Regulatory and Development Authority

Detailed Solution:

The correct answer is “Insurance Regulatory and Development Authority ”.

For the regulation of the insurance sector in India, the government has formed the Insurance Regulatory and Development Authority (IRDA).