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Which statement best explains IRDAI?

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Question ID #26096 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Insurance Sectional Test 2026 Medium

Correct Answer: D. Insurance Regulatory and Development Authority of India
IRDAI: Insurance Regulatory and Development Authority of India

Question: Which statement best explains IRDAI?

A. Entity that undertakes insurance risk

B. Insurance covering risks associated with human life

C. Person or property whose risk is covered

D. Insurance Regulatory and Development Authority of India

Correct Answer: D. Insurance Regulatory and Development Authority of IndiaIRDAI: Insurance Regulatory and Development Authority of India

Which statement best explains IRDAI? - MCQ Explanation

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Correct answer: D. Insurance Regulatory and Development Authority of India