Question

What is the composition of the Insurance Regulatory and Development Authority (IRDA)?

a.

Only a Chairperson

b.

A Chairperson, five whole-time members, and four part-time members

c.

A Chairperson and an unlimited number of members

d.

A Chairperson and two whole-time members

Answer: (b).A Chairperson, five whole-time members, and four part-time members Explanation:The composition of IRDA includes a Chairperson, not more than five whole-time members, and not more than four part-time members.

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Q. What is the composition of the Insurance Regulatory and Development Authority (IRDA)?

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