The Insurance Regulatory and Development Authority of India has its headquarters in which city?
- A.Mumbai
- B.Hyderabad
- C.New Delhi
- D.Pune
Correct answer
Explanation
The correct answer is B, Hyderabad. IRDAI was constituted under the IRDA Act of 1999 to regulate insurers, to register them and to protect policyholders. Its office was shifted from New Delhi to Hyderabad, and it is the one major financial regulator of India that works from neither Mumbai nor the capital, which is why the question is repeated so often.
Option A, Mumbai, holds the Reserve Bank of India, SEBI, the Life Insurance Corporation and the reinsurer GIC Re, so a candidate who reasons that insurance means Mumbai marks it wrongly. Option C, New Delhi, holds the Pension Fund Regulatory and Development Authority and the National Housing Bank. Option D, Pune, is the headquarters of Bank of Maharashtra and of the National Insurance Academy, not of the regulator itself.
Read the full article: Indian Organisations and Headquarters: City-wise List
Practice Questions
View allIn which of the following cities is the headquarters of Axis Bank located?
- A.Ahmedabad
- B.Bengaluru
- C.Chennai
- D.Mumbai
Show answer
Axis Bank, which began in 1994 as UTI Bank and was renamed in 2007, has its corporate office in Mumbai, the city that also holds the Reserve Bank of India, SEBI, the State Bank of India, the Central Bank of India, Union Bank of India, Bank of India and both…
Read the full explanation →The Small Industries Development Bank of India, SIDBI, has its head office at
- A.Lucknow
- B.Mumbai
- C.Kanpur
- D.New Delhi
Show answer
SIDBI was set up by an Act of Parliament in 1990 as the principal financial institution for the promotion, financing and development of micro, small and medium enterprises, and its head office is at Lucknow in Uttar Pradesh.
Read the full explanation →The Geological Survey of India, established in 1851, has its headquarters at
- A.Dehradun
- B.Kolkata
- C.Nagpur
- D.Hyderabad
Show answer
The Geological Survey of India was founded in 1851, mainly to look for coal for the railways, and it remained in Kolkata, which was then the capital.
Read the full explanation →Which is the oldest scientific department of the Government of India, headquartered at Dehradun?
- A.Geological Survey of India
- B.India Meteorological Department
- C.Survey of India
- D.Archaeological Survey of India
Show answer
It was founded in 1767, soon after the battle of Plassey, to map the territory the East India Company had acquired, and it is therefore counted as the oldest scientific department of the country.
Read the full explanation →The National Dairy Research Institute is located at
- A.Anand
- B.Karnal
- C.Izatnagar
- D.Hisar
Show answer
The National Dairy Research Institute, an institution of the Indian Council of Agricultural Research, works from Karnal in Haryana and does research on milk production, dairy technology and cattle breeding.
Read the full explanation →