Question

Of the following which is not a functions of IRDA:

i. promote the interest and rights of insurance policy holders

ii.promote and ensure the growth of Insurance Industry

iii.ensure speedy settlement of genuine claims and to prevent frauds and malpractices

iv. bring transparency in financial markets dealing with credit

A 1) Only i Correct Answer Incorrect Answer
B 2) Only ii & iv Correct Answer Incorrect Answer
C 3) Only i & iii Correct Answer Incorrect Answer
D 4) Only iv Correct Answer Incorrect Answer
E 5) All of the above Correct Answer Incorrect Answer

Solution

IRDA is regulator for insurance and it does not deal with credit

Practice Next

Relevant for Exams:

×
×