MCQ

Financial sector regulators MCQ - Practice Questions with Answers

Solve 1 Financial sector regulators questions for RAS/RPSC preparation.

Practice questions

Q1Which of the following organisations controls the business of insurance in India?

A RBI

B LIC

C IRDAI

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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