Question
What is the role of the Insurance Regulatory and
Development Authority of India (IRDAI) in the insurance sector?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body for the insurance sector in India. Its role is to regulate, promote, and ensure fair practices in the insurance sector. The IRDAI issues licenses to insurance companies to operate in India, ensures that insurance companies comply with regulations, and takes action against companies that violate regulations. The IRDAI also protects the interests of policyholders and promotes the growth of the insurance sector in India. Hence, option B is correct.
Nawabganj Bird Sanctuary located in Unnao district in Uttar Pradesh, is renamed as __________.Â
RBI Banking Ombudsman Office for Centralised Receipt and Processing Centre is located in ____________.
Which scheme is designed to support the financial needs of farmers by offering flexible and easily accessible credit?
Which state is the origin of the Rouf dance, performed predominantly by women?
In which Olympic Games did India win its first gold medal?
For which English County did Sachin Tendulkar play?
Periyar National Park is located in which Indian state?Â
UTI was the first private sector Mutual Fund in IndiaÂ
India has assumed the role of Vice-Chair for which component under the Indo-Pacific Economic Framework for Prosperity (IPEF)?
As per the 93rd Academy Award 2021 who won the Best Actor title?
