Question

What does IRDA have the duty to regulate, promote, and ensure, according to Section 14 of the IRDA Act, 1999?

a.

The growth of the economy

b.

Orderly conduct in financial markets

c.

Insurance business and re-insurance business

d.

The profitability of insurance companies

Answer: (c).Insurance business and re-insurance business Explanation:According to Section 14 of the IRDA Act, IRDA has the duty to regulate, promote, and ensure orderly growth of the insurance business and re-insurance business.

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Q. What does IRDA have the duty to regulate, promote, and ensure, according to Section 14 of the IRDA Act, 1999?

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