Question : In which city is the head office of the Insurance Regulatory and Development Authority of India (IRDAI) situated?
Option 1: Hyderabad
Option 2: Mumbai
Option 3: Kolkata
Option 4: New Delhi
Correct Answer: Hyderabad
Solution : The correct option is Hyderabad
The head office of the Insurance Regulatory and Development Authority of India (IRDAI) is located in Hyderabad, Telangana, India. It was established by the Government of India in 1999 as an autonomous and statutory body. The primary objective of IRDAI is to protect the interests of policyholders, promote and regulate the insurance industry, and ensure the financial stability and viability of insurance companies.
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