New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the IRDA Act the Authority shall have the duty

    to_________________
    A Regulate, promote and ensure orderly growth of the insurance business and re-insurance business Correct Answer Incorrect Answer
    B Regulate, promote and ensure orderly growth of the insurance business or re-insurance business Correct Answer Incorrect Answer
    C Issue to the applicant a certificate of registration, renew, modify, withdraw, suspend or cancel such registration Correct Answer Incorrect Answer
    D Both (a) & (c) Correct Answer Incorrect Answer
    E Both (b) and (c) Correct Answer Incorrect Answer

    Solution

    Section 14 Duties, powers and functions of Authority - (1) Subject to the provisions of this Act and any other law for the time being in force, the Authority shall have the duty to regulate, promote and ensure orderly growth of the insurance business and re-insurance business.

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