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IRDA stand for

  • A.Insurance Registration and Development Authority
  • B.Insurance Regulatory and Development Authority
  • C.Insurance Regulatory and Depository Authority
  • D.Insurance Registration and Depository Authority

Answer: B

IRDA stands for the Insurance Regulatory and Development Authority. It is the statutory body that regulates and promotes the insurance industry in India, set up under the IRDA Act, 1999 (the present name is IRDAI, with India added). The other options use the wrong words, Registration instead of Regulatory, or Depository instead of Development.

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