BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Andhra Pradesh Societies is governed by a Governing Council headed by
A
Chairman, SEBI
B
Chairman, LIC
C
Chairman, IRDAI
D
Governor, RBI
Explanation: 

Detailed explanation-1: -Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) for overall supervision and development of the Insurance sector in India.

Detailed explanation-2: -It is a ten-member body consisting of a chairman, five full-time and four part-time members appointed by the government of India. At present ( January, 2023 ), the authority is chaired by Mr. Debasish Panda and its full-time members are Mrs T.L.Alamelu, K.

Detailed explanation-3: -The IRDA Authority has the duty to promote, regulate and ensure orderly growth of the insurance and re-insurance businesses across India, subject to the provisions of this Act and any other additional law that is being enforced.

There is 1 question to complete.