Question

    The IRDAI (Insurance Regulatory and Development

    Authority of India) was formed based on the recommendations of which committee?
    A Ghosh Committee Correct Answer Incorrect Answer
    B Sodhani Committee Correct Answer Incorrect Answer
    C Kalia Committee Correct Answer Incorrect Answer
    D Malhotra Committee Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    The Malhotra Committee (1993) laid the groundwork for liberalizing India’s insurance sector, leading to the formation of IRDAI in 1999.

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