Question
Under the IRDA Act, 1999, the Insurance Regulatory and
Development Authority of India (IRDAI) is composed of how many members, including the Chairperson?Solution
According to Section 4 of the IRDA Act, 1999 , the IRDAI shall consist of: · One Chairperson · Not more than five whole-time members · Not more than four part-time members Thus, the maximum total strength of the Authority is 10 members . IRDAI is a statutory regulatory body that governs insurance companies, intermediaries, and policyholder protection in India.
In the following questions four words are given in each question, out of which only one word is rightly spelt. Find the correctly spelt word.
Select the most appropriate meaning of the word marked in bold letters according the context in which it has been used.
We are happy that th...
INQUISITIVE
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She decided to resume her studies after the break.
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Vista
HUMBLE
