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NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Introduction to the Indian Financial Markets

Which of the following is the regulator primarily responsible for regulating the Indian insurance sector?

IRDAI, the Insurance Regulatory and Development Authority of India, regulates the insurance sector. SEBI oversees securities markets, PFRDA handles pensions such as the NPS, and the RBI supervises banks and monetary matters.

  1. ASEBI
  2. BIRDAICorrect
  3. CPFRDA
  4. DRBI

Explanation

The Insurance Regulatory and Development Authority of India regulates insurers and intermediaries. SEBI regulates the securities market, PFRDA regulates pension funds such as the NPS, and the RBI regulates banks and money markets.

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