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Consider the following statements about Insurance Regulatory and Development Authority of India:
- It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India.
- It is tasked with regulating and licensing the insurance and reinsurance industries in India.
- It was constituted by the Insurance Regulatory and Development Authority Act, 1999.
How many of the above statements are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements about Insurance Regulatory and Devel...
- An employee stock ownership plan (ESOP) is a type of employee benefit plan which is intended to encourage employees to acquire stocks or ownership in the company.
- Under these plans, the employer gives certain stocks of the company to the employee for negligible or less costs which remain in the ESOP trust fund, until the options vests and the employee exercises them or the employee leaves/retires from the company or institution.
- These plans are aimed at improving the performance of the company and increasing the value of the shares by involving stock holders, who are also the employees, in the working of the company. The ESOPs help in minimizing problems related to incentives.
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Consider the following statements about Insurance Regulatory and Devel...
Statements about Insurance Regulatory and Development Authority of India:
1. It is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India:
- This statement is correct. The Insurance Regulatory and Development Authority of India (IRDAI) is indeed a regulatory body that operates under the Ministry of Finance, Government of India.
2. It is tasked with regulating and licensing the insurance and reinsurance industries in India:
- This statement is also correct. IRDAI is responsible for regulating and licensing the insurance and reinsurance industries in India to ensure that they operate in a fair and transparent manner.
3. It was constituted by the Insurance Regulatory and Development Authority Act, 1999:
- This statement is true. The Insurance Regulatory and Development Authority Act, 1999, established IRDAI as the regulatory body for the insurance sector in India.
Therefore, all three statements are correct regarding the Insurance Regulatory and Development Authority of India.
1. It is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India:
- This statement is correct. The Insurance Regulatory and Development Authority of India (IRDAI) is indeed a regulatory body that operates under the Ministry of Finance, Government of India.
2. It is tasked with regulating and licensing the insurance and reinsurance industries in India:
- This statement is also correct. IRDAI is responsible for regulating and licensing the insurance and reinsurance industries in India to ensure that they operate in a fair and transparent manner.
3. It was constituted by the Insurance Regulatory and Development Authority Act, 1999:
- This statement is true. The Insurance Regulatory and Development Authority Act, 1999, established IRDAI as the regulatory body for the insurance sector in India.
Therefore, all three statements are correct regarding the Insurance Regulatory and Development Authority of India.
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Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about Insurance Regulatory and Development Authority of India: It is a regulatory body under the jurisdiction of the Ministry of Finance , Government of India. It is tasked with regulating and licensing the insurance and reinsurance industries in India. It was constituted by the Insurance Regulatory and Development Authority Act, 1999.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'C'. Can you explain this answer?.
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