CMA Intermediate · Financial Management and Business Data Analytics · Financial Institutions
Which of the following bodies is the regulator that supervises insurance companies and protects policyholders' interests in India?
The Insurance Regulatory and Development Authority of India (IRDAI) supervises insurers in India. It licenses insurance companies, frames rules on their conduct and solvency, and protects policyholders. PFRDA handles pensions, SEBI handles securities markets, and NHB deals with housing finance, so they are not the insurance regulator.
- APension Fund Regulatory and Development Authority
- BInsurance Regulatory and Development Authority of IndiaCorrect
- CSecurities and Exchange Board of India
- DNational Housing Bank
Explanation
IRDAI is the statutory regulator for the insurance sector, licensing insurers and protecting policyholders. PFRDA regulates pension funds such as the NPS, SEBI regulates securities markets, and NHB regulates housing finance companies.
Did you get it right without looking?
One question tells you little. A timed set on Financial Institutions shows your real accuracy, how long you take and where you lose marks.
More Financial Institutions questions
- Which institution acts as the banker to the Government of India and the banker's bank, and also regulates the credit supply in the Indian ec…
- A leasing company, Kaveri Leasing, buys equipment for Rs 10,00,000 and leases it for 5 years at an annual rental of Rs 2,63,797 payable at t…
- In the primary market, when a company raises capital by offering shares directly to the public through an offer document for the first time,…
- Aarav Ltd. needs Rs 50 lakh for 90 days. A bank offers a loan at 12% p.a. simple interest with interest paid at maturity. Alternatively, Aar…
- A commercial bank must maintain a Cash Reserve Ratio (CRR) of 4% of its net demand and time liabilities (NDTL) with the RBI. The bank has ND…
- A data analyst is classifying entities in the Indian financial system. Which entity is correctly paired with its role as regulator of the st…