UPSC Exam  >  UPSC Questions  >  Consider the following statements regarding I... Start Learning for Free
Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI).
  1. Insurance Regulatory and Development Authority of India is a statutory body.
  2. It is under the jurisdiction of RBI.
  3. It is tasked with licensing the insurance and re-insurance industries in India.
How many of the above statements is/are correct?
  • a)
    Only one 
  • b)
    Only two 
  • c)
    All three 
  • d)
    None
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Insurance Regulatory and D...
Statement 2 is incorrect.
  • The Insurance Regulatory and Development Authority of India (founded 1999; HQ: Hyderabad) is a statutory body (under the IRDA Act 1999) and is under the jurisdiction of the Ministry of Finance and is tasked with regulating and licensing the insurance and re-insurance industries in India.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. 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 regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. 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 regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding Insurance Regulatory and Development Authority of India (IRDAI). Insurance Regulatory and Development Authority of India is a statutory body. It is under the jurisdiction of RBI. It is tasked with licensing the insurance and re-insurance industries in India.How many of the above statements is/are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev