The IRDA was set up in __________.

Question

Question: The IRDA was set up in __________.

Options:

1.  1999
2.  1991
3.  2000
4.  2001

Answer 1

3. 2000

The IRDA (Insurance Regulatory and Development Authority) was set up in 2000.

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More info:

IRDA is a regulatory body created under an Act of Parliament, i.e., IRDAI Act 1999 with the aim of protecting the interests/rights of policy holder.

The IRDA was set up in April, 2000 as a statutory body.