Question

Which of the following statements about the Insurance Regulatory and Development Authority of India (IRDA

  • I is/are correct? 1) It is a statutory body responsible for regulating and promoting the insurance and reinsurance industries in India. 2) It is responsible for promoting competition and innovation in the insurance sector. 3) It comes under the Ministry of Finance.
A 1 only
B 1 and 2 only
C 3 only
D 2 only
E 1, 2 and 3
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