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    Question

    What penalty amount did IRDAI impose on Acko General

    Insurance?
    A ₹50 lakh Correct Answer Incorrect Answer
    B ₹75 lakh Correct Answer Incorrect Answer
    C ₹1 crore Correct Answer Incorrect Answer
    D ₹1.5 crore Correct Answer Incorrect Answer
    E ₹2 crore Correct Answer Incorrect Answer

    Solution

    IRDAI imposed a ₹1 crore penalty on Acko General Insurance for regulatory violations during 2019–20 and 2020–21. Penalty-related questions often test knowledge of regulatory compliance in insurance and finance exams.

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