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    • 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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