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    Question

    Who has the power to establish Insurance Regulatory and

    Development Authority of India as per the IRDA Act, 1999?
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C IRDA Correct Answer Incorrect Answer
    D Central Government Correct Answer Incorrect Answer
    E Both (c) & (d) Correct Answer Incorrect Answer

    Solution

    Central Government, Explanation: 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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