Previous year MCQs

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:

Consider the following statements and select the correct answer using the code given below:

Assertion (A): Educated unemployment increases with high rate of economic growth.
Reason (R): It happens only when there is lack of professional education.

Code:
  1. A) Both A and R are correct and R is the correct explanation of A
  2. B) Both A and R are correct but R is not the correct explanation of A
  3. C) A is true but R is false
  4. D) A is false but R is true
Keeping pigs away from the human habitat is helpful in eradication of:
  1. A) Malaria
  2. B) Japanese encephalitis
  3. C) Elephantiasis
  4. D) Polio
Government of India first Nationalized of 14 major commercial banks:
  1. A) In the year of 1956
  2. B) In the year of 1959
  3. C) In the year of 1969
  4. D) In the year of 1971
"Here is a revolution in India and we should take it quickly." Who said this?
  1. A) Sir Stafford Cripps
  2. B) Lord Pathic Lawrence
  3. C) Lord Wavell
  4. D) AV Alexander
The promoter of National Stock Exchange of India is:
  1. A) State Bank of India
  2. B) LIC and GIC
  3. C) IDBI
  4. D) All the above
The rate of growth of employment in India has generally been of the order of:
  1. A) 2 per cent annum
  2. B) 3 percent per annum
  3. C) 5 per cent per annum
  4. D) 7 per cent per annum
Which of the following statements about Sugar industry are correct?

1. In the world, India's share in sugar production is over 15 percent.
2. Sugar industry is the second largest agro-based industry in India.
3. India is the largest consumer of sugar.
4. India is the largest producer of sugar.


Select the correct answer from the codes given below:
Codes:
  1. A) 1 and 2
  2. B) 3 and. 4
  3. C) 2 and 3
  4. D) 1 and 4
For regulation of the Insurance Trade in the country the Government has formed:
  1. A) SEBI
  2. B) Reserve Bank of India
  3. C) Insurance Regulatory and Development Authority
  4. D) General Insurance Corporation
Which one of the following is not a measure of reducing inequalities?
  1. A) Minimum-Needs Programme
  2. B) Liberalization of economy
  3. C) Taxation
  4. D) Land Reforms
During the mid 80s decade of twentieth century, the negative aspects of development were discussed at large. Which one among the following was NOT such important?
  1. A) Degradation of natural resources
  2. B) Environment pollution
  3. C) Politics and Development
  4. D) Displacement and Rehabilitation of masses
Main function of Finance commission is
  1. A) The distribution between the union and the states of the net proceeds of taxes which are to be, or may be, divided between them
  2. B) Financial control over states
  3. C) Financial control over centre
  4. D) None of these
Statement (A): The signal of danger is made of red colour.
Reason (R): The scattering of red is least

Select the right answer with the help of code given below.
Code:
  1. A) Both A and R are true and R is the correct explanation of A
  2. B) Both A and R are true but R is not the correct explanation of A
  3. C) A is true but R is false
  4. D) A is false but R is true