Insurance Regulatory and Development Authority of India was established in which year? MCQ with Answer and Explanation

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Insurance Regulatory and Development Authority of India was established in which year?

A. 1991

B. 2008

C. 2003

D. 1999

Answer: Option D

Solution (By JKSSB Mock Tests)

IRDAI was established in 1999 following the IRDA Act.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Atal Mission for Rejuvenation and Urban Transformation focuses on:

A. agricultural markets

B. urban infrastructure and basic services

C. railway electrification

D. rural roads

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Correct Answer: Option B

Explanation:
AMRUT focuses on urban infrastructure and basic services.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on security services is:

A. 5%

B. 12%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
Security services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on airport services is:

A. 18%

B. 28%

C. 12%

D. 5%

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Correct Answer: Option A

Explanation:
Airport services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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