Static GK - Organizations & Headquarters
Which organisation is the primary regulator of the insurance sector in India?
Which organisation is the primary regulator of the insurance sector in India?
easy Q11 of 15
Step-by-Step Solution
Step 1: Identify the function of IRDAI
IRDAI stands for Insurance Regulatory and Development Authority of India, which regulates the insurance sector.Step 2: Differentiate from other regulators
SEBI regulates securities markets, NABARD focuses on rural development finance, and RBI is the central bank regulating monetary policy.Final Answer:
IRDAI → Option AQuick Check:
Insurance sector regulator = IRDAI ✅
Quick Trick: Remember IRDAI for Insurance regulation.
Common Mistakes:
MISTAKES- Confusing IRDAI with SEBI or RBI due to regulatory roles.
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