Which act governs the functioning of insurance companies

in India?

A Insurance Regulatory and Development Act, 1999 Correct Answer Incorrect Answer

B Companies Act, 1956 Correct Answer Incorrect Answer

C Banking Regulation Act, 1949 Correct Answer Incorrect Answer

D Insurance Act, 1938 Correct Answer Incorrect Answer

E Securities Contract Regulation Act, 1956 Correct Answer Incorrect Answer

Solution

The Insurance Act, 1938 governs the functioning of insurance companies in India. It lays down the rules and regulations for the insurance industry.

Practice Next

More Economy and Banking and Finance Current Affairs Questions

Where is the first a private agricultural mandi (market) was setup in India?
The MSF rate is pegged _____ basis points or a percentage point above the repo rate?
The Durga temple at Aihole, built about ______ years ago.
The Government of India's language-based platform is known as?
Who is the Chairman of the Vedanta Group, one of the largest and diversified natural resources groups globally?
Which of the following can degrade detritus into simpler inorganic substances?
Which missile system is a collaboration between DRDO of India and Russia?
Abhishek, Bobby and Charlie start from the same point and travel in the same direction round an Island 6 km in circumference. Abhishek travels at the ra...
What is scythe?
By which year is the Sustainable Development Goal 17 (SDG 17) to be achieved?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question