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How many members make up the Insurance Regulatory and Development Authority of India?
A{'text': '7', 'letter': 'A'}
B{'text': '9', 'letter': 'B'}
C{'text': '12', 'letter': 'C'}
D{'text': '10', 'letter': 'D'}
Answer & Solution
Correct answer: D. {'text': '10', 'letter': 'D'}
1. IRDA is a body appointed by the Government of India.
2. It consists of a Chairman, five whole-time members and four part-time members.
3. Total: 1 + 5 + 4 = 10 members.
_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "The IRDA is a ten member body appointed by the Government of India consisting of - Chairman - Five whole-time members - Four part-time members"_