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CSEET · Economic and Business Environment · Key Government Institutions

Which institution is correctly matched with the sector it regulates or oversees?

IRDAI is correctly matched with the insurance sector. PFRDA regulates pensions rather than commodity derivatives, the CAG audits government accounts instead of setting monetary policy, and the Finance Commission recommends Union-State fiscal transfers rather than registering companies.

  1. AIRDAI – insurance sectorCorrect
  2. BPFRDA – commodity derivatives markets
  3. CCAG – monetary policy and bank rate
  4. DFinance Commission – registration of companies

Explanation

IRDAI regulates the insurance sector. PFRDA deals with pensions, not commodity derivatives. Monetary policy is handled by the RBI, not the CAG, which audits public accounts. Company registration is done through the Registrar of Companies under the MCA, not the Finance Commission.

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