The correct answer is: A. Rs.500
The Insurance Regulatory and Development Authority of India (IRDA) is the regulatory body for the insurance industry in India. The IRDA was established in 1999 by the Insurance Regulatory and Development Authority Act, 1999. The IRDA is responsible for regulating and promoting the insurance industry in India.
The IRDA issues licenses to insurance companies and insurance intermediaries, such as agents and brokers. The fees payable to the IRDA for issue of license to act as an agent of an insurance company are Rs.500.
The other options are incorrect. Option B is incorrect because the fees payable to the IRDA for issue of license to act as an agent of an insurance company are Rs.500, not Rs.100. Option C is incorrect because the fees payable to the IRDA for issue of license to act as an agent of an insurance company are Rs.500, not Rs.250. Option D is incorrect because the fees payable to the IRDA for issue of license to act as an agent of an insurance company are Rs.500, not Rs.1000.