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

    Question

    According to the IRDA Act, 1999, which entity possesses

    the authority to establish the Insurance Regulatory and Development Authority of India?
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C IRDA Correct Answer Incorrect Answer
    D Competent Authority Correct Answer Incorrect Answer
    E Central Government Correct Answer Incorrect Answer

    Solution

    Section 3 Establishment and incorporation of Authority- (1) With effect from such date as the Central Government may, by notification, appoint, there shall be established, for the purposes of this Act, an Authority to be called the Insurance Regulatory and Development Authority of India.

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