Q9 · UPPSC current affairs · 25 September 2026 · News · IRDAI Regulations on Insurance Commissions

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Consider the following statements regarding the Insurance Regulatory and Development Authority of India (IRDAI):1.IRDAI is a statutory body established under the IRDA Act, 1999.2.The headquarters of IRDAI is located in New Delhi.

A Both 1 and 2
B 2 only
C Neither 1 nor 2
D 1 only

Correct answer: (d) 1 only

Explanation

Statement 1 is correct because IRDAI is a statutory regulatory body established under the IRDA Act, 1999. Statement 2 is incorrect because IRDAI is headquartered in Hyderabad, not New Delhi. Therefore, only statement 1 is correct.

Same topic · past papers

UPSC has asked this before

These previous-year questions sit on the same topic. Open one to practise the earlier ask.

  1. 2020 · Q121 · UPPGS

    With reference to 'Ayushman Bharat Yojana' which of the following statement(s) is/are correct? 1. This Yojana provides free health insurance of Rs. five lakh per person. 2. The expenses incurred in this Scheme (Yojana) is shared between the Centre and State in 60: 40 ratio. Select the correct answer from the codes given below.

    View answer →

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