Know Your Government Quiz – 11 Welcome to your Know Your Government Quiz - 11 1. What is the full form of IRDA? Insurance Regulatory and Development Authority Insurance Research and Development Agency Insurance Rules and Development Authority Insurance Reform and Development Authority None 2. When was IRDA established? 1995 1998 2000 2001 None 3. Who is the current Chairman of IRDA? Debasish Panda Sudhir Anand J. Hari Narayan S.C. Khuntia None 4. What is the main objective of IRDA? To protect the interests of insurance policyholders To promote the growth of the insurance industry To regulate the insurance industry All of the above None 5. What are the types of insurance that are regulated by IRDA? Life insurance General insurance Health insurance All of the above None 6. What is the penalty for non-compliance with IRDA regulations? Fine Imprisonment Both fine and imprisonment None of the above None Please fill in the comment box below.
