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State whether the following is True or False: IRDA regulates the functioning of food laboratories in India. - Business Studies

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Question

State whether the following is True or False:

IRDA regulates the functioning of food laboratories in India.

True or False
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Solution

This statement is false.

Explanation:

IRDA (Insurance Regulatory and Development Authority of India) regulates the insurance sector, not food laboratories. Food laboratories in India are regulated by FSSAI (Food Safety and Standards Authority of India).

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