Indian Economy
With the objective of opening the insurance sector for private participation the Insurance Regulatory and Development Authority Act (IRDA) was passed in:

the year 2005
the year 1990
the year 1998
the year 1995

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Indian Economy
Subsidies mean

payment by government for purchase of goods and services
payment made by the government to business enterprises, without buying any goods and services
payment made by business enterprises to factors of production
payment made by companies to shareholders

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