Government Bodies

Master key regulatory, constitutional, social justice, and policy-making bodies in India (ECI, UPSC, NITI Aayog, NHRC, CCI, etc.).

10 Mins Read 0 Practice MCQs Governance & Institutions

Economic and Market Regulators

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Competition Commission of India (CCI):
Status: A statutory body within the Ministry of Corporate Affairs, established in 2003 under the Competition Act, 2002.
Purpose: To prevent activities with an “appreciable adverse effect on competition” in India, promote sustained competition, and protect consumer interests.
Structure: Led by a Chairperson (currently Ravneet Kaur) and up to six members.
Key Actions: Notable cases include fining Google for search bias and Play Store policies, penalizing a cement cartel ₹63.07 billion, and imposing fines on car manufacturers for withholding spare parts.
Insurance Regulatory and Development Authority of India (IRDAI):
Status: An autonomous statutory body under the Ministry of Finance, constituted by the IRDA Act, 1999.
Mandate: Regulates and licenses the insurance and re-insurance industries.
Recent Developments: As of April 2024, the age limit for purchasing health insurance (previously 65) has been removed. The foreign direct investment (FDI) limit in insurance was raised to 74% in 2021.
Headquarters: Moved from Delhi to Hyderabad in 2001.

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Practice Questions on Government Bodies

This quiz features conceptual, exam-style questions built directly from the Government Bodies syllabus.

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Master key regulatory, constitutional, social justice, and policy-making bodies in India (ECI, UPSC, NITI Aayog, NHRC, CCI, etc.).

10 Mins Read 0 Practice MCQs Governance & Institutions

1 Subsections

Select Subsection:

Competition Commission of India (CCI):
Status: A statutory body within the Ministry of Corporate Affairs, established in 2003 under the Competition Act, 2002.
Purpose: To prevent activities with an “appreciable adverse effect on competition” in India, promote sustained competition, and protect consumer interests.
Structure: Led by a Chairperson (currently Ravneet Kaur) and up to six members.
Key Actions: Notable cases include fining Google for search bias and Play Store policies, penalizing a cement cartel ₹63.07 billion, and imposing fines on car manufacturers for withholding spare parts.
Insurance Regulatory and Development Authority of India (IRDAI):
Status: An autonomous statutory body under the Ministry of Finance, constituted by the IRDA Act, 1999.
Mandate: Regulates and licenses the insurance and re-insurance industries.
Recent Developments: As of April 2024, the age limit for purchasing health insurance (previously 65) has been removed. The foreign direct investment (FDI) limit in insurance was raised to 74% in 2021.
Headquarters: Moved from Delhi to Hyderabad in 2001.

Subsection 1 of 1

1 Subsections

1 Subsections

1 Subsections

Practice Questions on Government Bodies

This quiz features conceptual, exam-style questions built directly from the Government Bodies syllabus.