Current Affairs · Banking and Economy
Which regulatory provision did the Insurance Regulatory and Development Authority of India (IRDAI) reference while imposing a penalty on Acko General Insurance for violations related to outsourcing and commissions in May 2025?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Section 40(1) of Insurance Act✓
- 2Section 5 of IRDAI Act
- 3Section 64V of Insurance Act
- 4Section 45 of Banking Act
Correct answer
Section 40(1) of Insurance Act
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking and Economy MCQs →Want more practice questions on Banking and Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking and Economy