New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Insurance sector in India is regulated by the provisions

    of: A.Insurance Act, 1938 B.Life Insurance Corporation Act, 1956 C.Insurance Regulatory and Development Authority (IRDA) Act, 1999
    A Only A Correct Answer Incorrect Answer
    B Only C Correct Answer Incorrect Answer
    C A and B Correct Answer Incorrect Answer
    D A and C Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    The Insurance sector in India directed by Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and General Insurance Business (Nationalization) Act, 1972, Insurance Regulatory and Development Authority (IRDA) Act, 1999 and other related Acts.

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