Insurance
Question : The Securities and Exchange Board of India (SEBI) is responsible for:
Option 1: Regulating and supervising the capital market
Option 2: Regulating and supervising the money market
Option 3: Regulating and supervising the insurance market
Option 4: Regulating and supervising the commodity market
Correct Answer: Regulating and supervising the capital market
Solution : The correct answer is (a) Regulating and supervising the capital market.
The Securities and Exchange Board of India (SEBI) is the regulatory body in India that is responsible for regulating and supervising the capital market. SEBI's primary objective is to
Question : Which institution in India provides long-term credit to farmers for agricultural activities?
Option 1: National Bank for Agriculture and Rural Development (NABARD)
Option 2: Reserve Bank of India (RBI)
Option 3: Agricultural Insurance Corporation of India (AIC)
Option 4: Small Industries Development Bank of India (SIDBI)
Correct Answer: National Bank for Agriculture and Rural Development (NABARD)
Solution : The correct answer is (a) National Bank for Agriculture and Rural Development (NABARD).
NABARD is a specialized development bank in India that focuses on the agricultural and rural sectors. It provides long-term credit to farmers for various agricultural
Question : Which of the following controls the insurance business of India?
Option 1: RBI
Option 2: IDBI
Option 3: SEBI
Option 4: IRDAI
Correct Answer: IRDAI
Solution : The correct option is IRDAI.
The regulatory organization in charge of observing and controlling the insurance sector in India is the Insurance Regulatory and Development Authority of India (IRDAI). The protection of policyholder interests and the steady development of India's insurance industry are the responsibilities
Question : Statement 1: The Unemployment Insurance Scheme provides financial assistance to unemployed individuals in India.
Statement 2: The scheme is funded by contributions from both employers and employees.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Correct Answer: Statement 1 is true, statement 2 is false.
Solution : The correct answer is (c). Statement 1 is true, but statement 2 is false.
The Unemployment Insurance Scheme (UIS) is a government-run program that provides financial assistance to unemployed individuals in India. The UIS is funded by the
Question : Which of the following institutions regulates and supervises the functioning of non-banking financial companies (NBFCs) in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Insurance Regulatory and Development Authority of India (IRDAI)
Option 3: Securities and Exchange Board of India (SEBI)
Option 4: None of the above
Correct Answer: Reserve Bank of India (RBI)
Solution : The correct answer is (a). Reserve Bank of India (RBI).
The Reserve Bank of India is the regulatory authority responsible for regulating and supervising the functioning of non-banking financial companies (NBFCs) in India. NBFCs are financial institutions that provide various financial
Question : Which of the following is a regulatory authority for the Indian stock market?
Option 1: RBI (Reserve Bank of India)
Option 2: SEBI (Securities and Exchange Board of India)
Option 3: IRDAI (Insurance Regulatory and Development Authority of India)
Option 4: PFRDA (Pension Fund Regulatory and Development Authority)
Correct Answer: SEBI (Securities and Exchange Board of India)
Solution : The correct answer is (b) SEBI (Securities and Exchange Board of India).
SEBI (Securities and Exchange Board of India) is the regulatory authority for the Indian stock market. It is an independent statutory regulatory body established in 1988 and
Question : Statement 1: The Rashtriya Swasthya Bima Yojana (RSBY) provides health insurance coverage to unemployed individuals.
Statement 2: RSBY is a government initiative to address the health needs of the rural population in India.
Correct Answer: Statement 1 is false, statement 2 is true.
Solution : The correct answer is (d) Statement 1 is false, statement 2 is true.
Statement 1 is false. The Rashtriya Swasthya Bima Yojana (RSBY) does not specifically provide health insurance coverage to unemployed individuals. It focuses on providing health
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