Practice Insurance Regulatory and Development Authority of India (IRDAI) - 1.3 | Chapter 5: Business Regulators and Intermediaries | ICSE Class 12 Business Studies
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

When was the IRDAI established?

πŸ’‘ Hint: Think about the turn of the century.

Question 2

Easy

What is the primary role of IRDAI?

πŸ’‘ Hint: Focus on what it says in the title.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What year was the IRDAI established?

  • 1995
  • 1999
  • 2003

πŸ’‘ Hint: Think of the end of the 20th century.

Question 2

True or False: The IRDAI only focuses on urban insurance markets.

  • True
  • False

πŸ’‘ Hint: Consider the role of wider access.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Analyze how the IRDAI can influence changes in consumer behavior towards insurance products.

πŸ’‘ Hint: Consider the impact of trust on decisions.

Question 2

Evaluate the effectiveness of IRDAI's efforts in promoting insurance in rural areas.

πŸ’‘ Hint: Think about how measurable success can be interpreted.

Challenge and get performance evaluation