Question:
IRDA stands for
IRDA stands for
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Remember: IRDA deals with insurance regulation, not roads or rural development.
Updated On: Aug 14, 2025
- Insurance Regulatory and Development Authority
- International Resources Development Agency
- Indian Roads Development Authority
- Indian Rural Development Authority
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The Correct Option is A
Solution and Explanation
Step 1: Understanding IRDA
IRDA refers to the Insurance Regulatory and Development Authority of India, a statutory body formed under the IRDA Act, 1999.
Step 2: Purpose
It is responsible for regulating and promoting the insurance and reinsurance industries in India. It ensures that the financial stability of the insurance sector is maintained and policyholders’ interests are protected.
Step 3: Headquarters
The headquarters of IRDA is located in Hyderabad, Telangana.
\[ \boxed{\text{Insurance Regulatory and Development Authority}} \]
IRDA refers to the Insurance Regulatory and Development Authority of India, a statutory body formed under the IRDA Act, 1999.
Step 2: Purpose
It is responsible for regulating and promoting the insurance and reinsurance industries in India. It ensures that the financial stability of the insurance sector is maintained and policyholders’ interests are protected.
Step 3: Headquarters
The headquarters of IRDA is located in Hyderabad, Telangana.
\[ \boxed{\text{Insurance Regulatory and Development Authority}} \]
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