Financial sector regulators MCQ — 1 Practice Questions with Answers

Financial sector regulators is a Indian Economy topic in the RAS/RPSC syllabus. This page gathers exam-style Financial sector regulators multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 1 Financial sector regulators multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Indian Economy

Reviewed by: Aspirant Academy Editorial Team

Q1. Which of the following organisations controls the business of insurance in India?

A RBI

B LIC

C IRDAI Correct

D SEBI

Explanation

IRDAI, the Insurance Regulatory and Development Authority of India, regulates and develops the insurance sector in India. RBI regulates banking and monetary policy, so it is not the insurance regulator. LIC is a public sector life insurance company, not the sector-wide controller. SEBI regulates the securities and capital markets. Therefore, the organisation that controls the business of insurance in India is IRDAI.

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Financial sector regulators falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

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