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      Question

      The Insurance Regulatory and Development Authority

      (IRDA) came into existence in the year 1999, it was established on the recommendation of which committee?
      A Malhotra Committee Correct Answer Incorrect Answer
      B P K Mohanty Committee Correct Answer Incorrect Answer
      C Pradip Shah Committee Correct Answer Incorrect Answer
      D Kelkar Committee Correct Answer Incorrect Answer
      E Vaghul Committee Correct Answer Incorrect Answer

      Solution

      To regulate and develop the insurance industry and was incorporated in April 2000, Malhotra Committee, in 1999 the Insurance Regulatory and Development Authority (IRDA) was constituted.

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