Economy UPPSC 2007 GS-I
Question

IRDA regulates:

Answer & Solution

Answer: (Detailed Solution Below)

Option B: Insurance companies

Detailed Solution:

The correct answer is “Insurance companies”.

The IRDA regulates the licensing and registration of insurers, intermediaries, and insurance agents.

Similar Questions:

It is comfortable to wear white clothes in summer because:
  1. They Reflect all the heat that is falling it
  2. Disfigure all the heat transmitted in the body
  3. They absorb sweat
  4. They provide coolness to the eyes
Devaluation of currency means:
  1. Reduction in the value of a currency vis-a-vis major internationally traded currencies
  2. Permitting a currency to seek its worth in the international market
  3. Fixing the value of currency with the help of IMF and WB
  4. None of the above
Who formulates the monetary policy in India?
  1. SEBI
  2. RBI
  3. Finance Ministry
  4. Planning Commission
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R)

Assertion (A): There is a positive relation between Human Development Index (HDI) and Sustainable Development Goals (SDG) ranking of Indian State.
Reason (R): The underlying dimension of SDG targets are closely related to education and health aspect.

Select the correct answer from the codes given below:
Codes:
  1. Both (A) and (R) are true and (R) is the correct explanation of (A)
  2. Both (A) and (R) are true but (R) is not the correct explanation of (A)
  3. (A) is true, but (R) is false
  4. (A) is false, but (R) is true
In Feburary 2007, who was declared "Man of the Series" in One day International Cricket match between India and Sri Lanka?
  1. Rahul Dravid
  2. Sanath Jaisurya
  3. Sourav Ganguly
  4. Zaheer Khan
Which of the following is not a molecule atomic particle?
  1. Neutron
  2. Proton
  3. Deuteron
  4. Electron
Which of the following states has the largest coastline?
  1. Gujarat
  2. Maharashtra
  3. Kerala
  4. Tamil Nadu
An increase in CRR by the Reserve Bank of India results in
  1. Decrease in debt of the government.
  2. Reduction in liquidity in the economy.
  3. Attracting more FDI in the country.
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Which of the following makes recommendation regarding fixing of minimum support price for various crops?
  1. Indian Council of Agricultural Research
  2. NABARD
  3. Commission for Agricultural Costs and Prices
  4. Indian Agricultural Research Institute
Word Bull and Big are associated with which branch of commercial activity:
  1. Foreign Trade
  2. Banking
  3. Share Market
  4. Manufacturing
Name the Governor of Reserve Bank of India who also became Finance Minister.
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  2. C.D. Desmukh
  3. Subramaniam
  4. Sachin Chaudhari
Which of the following has chosen gross National Happiness as the index of progress:
  1. Sweden
  2. Switzerland
  3. Bhutan
  4. Japan