When was the Insurance Regulatory and Development Authority constituted? Options: A . &nbsp1971 B . &nbsp1999 C . &nbsp2001 D . &nbsp2005

When was the Insurance Regulatory and Development Authority constituted?

Question

When was the Insurance Regulatory and Development Authority constituted?

Options:

A . 1971

B . 1999

C . 2001

D . 2005

Answer: Option B

The Insurance Regulatory and Development Authority (IRDA) was set up as an autonomous body under the IRDA Act, 1999.

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