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Question : Which of the following is not a common product offered by microfinance institutions in India?

Option 1: Credit cards

Option 2: Personal loans

Option 3: Insurance products

Option 4: Savings accounts

Team Careers360 18th Jan, 2024

Correct Answer: Credit cards


Solution : The correct option is Credit cards.

In India, credit cards are not a frequently given product by microfinance organisations. Typically, microfinance organisations concentrate on offering financial services to low-income and underprivileged community members, including individuals and small enterprises. These services frequently include insurance

13 Views

Question : Which of the following institutions regulates and supervises the functioning of insurance companies 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

Team Careers360 25th Jan, 2024

Correct Answer: Insurance Regulatory and Development Authority of India (IRDAI)
 


Solution : The correct answer is (b). Insurance Regulatory and Development Authority of India (IRDAI). 

The IRDAI is the regulatory and supervisory body responsible for overseeing the functioning of insurance companies in India. It was established under the Insurance Regulatory

21 Views

Question : In which year was the Insurance Regulatory and Development Authority of India set up?

Option 1: 2002

Option 2: 1999

Option 3: 2011

Option 4: 1995

Team Careers360 14th Jan, 2024

Correct Answer: 1999


Solution : The correct answer is 1999.

In line with the suggestions of the Malhotra Committee report in 1999, the Insurance Regulatory and Development Authority (IRDA) was established as an independent entity to oversee and foster the growth of the insurance sector. Formally constituted as a statutory

10 Views

Question : Who took charge as the chairman of The Insurance Regulatory and Development Authority of India in March 2022?

Option 1: Debasish Panda

Option 2: Ajay Bhushan Pandey

Option 3: Sanjeev Sanyal

Option 4: Ashwin Yardi

Team Careers360 19th Jan, 2024

Correct Answer: Debasish Panda


Solution : The Correct Option is Debasish Panda

Shri Debasish Panda is an Indian Administrative Service officer from the Uttar Pradesh cadre, class of 1987. Odisha is the State he is from. On March 14, 2022, he began serving as Chairman of the Insurance Regulatory and

13 Views

Question : In 2019, the Export Credit Guarantee Corporation of India (ECGC) introduced the Export Credit Insurance Scheme(ECIS) called ______.

Option 1: NIRANKUSH

Option 2: NIRUKT

Option 3: NIRVAY

Option 4: NIRVIK

Team Careers360 13th Jan, 2024

Correct Answer: NIRVIK


Solution : The correct answer is NIRVIK.

NIRVIK stands for Niryat Rin Vikas Yojana. The scheme was announced by the Export Credit Insurance Scheme (ECIS) to enhance loan availability and ease the lending process. The scheme was introduced to provide enhanced insurance coverage and reduce the

12 Views

Question : In which city is the head office of the Insurance Regulatory and Development Authority of India (IRDAI) situated?

Option 1: Hyderabad

Option 2: Mumbai

Option 3: Kolkata

Option 4: New Delhi

Team Careers360 19th Jan, 2024

Correct Answer: Hyderabad


Solution : The correct option is Hyderabad

The head office of the Insurance Regulatory and Development Authority of India (IRDAI) is located in Hyderabad, Telangana, India. It was established by the Government of India in 1999 as an autonomous and statutory body. The primary objective of IRDAI

12 Views

Question : Who is the regulator of the insurance sector in India?

 

Option 1: IRDAI

Option 2: RBI

Option 3: SEBI

Option 4: PFRDA

Team Careers360 16th Jan, 2024

Correct Answer: IRDAI


Solution : The correct answer is (a) IRDAI (Insurance Regulatory and Development Authority of India).

The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body responsible for overseeing and regulating the insurance industry in India. It was established in 1999 under the Insurance Regulatory

24 Views

Question : Insurance sector in India is regulated by:

 

Option 1: RBI

Option 2: CII

Option 3: IRDA

Option 4: SEBI

Team Careers360 2nd Jan, 2024

Correct Answer: IRDA


Solution : The correct option is IRDA.

The Insurance Regulatory and Development Authority of India (IRDAI) oversees the insurance industry in India.. According to the Insurance Regulatory and Development Authority Act of 1999, IRDAI is a self-governing, statutory organization. In addition to ensuring fair practices, defending the

17 Views

Question : Which of the following institutions regulates and supervises the functioning of insurance companies 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

Team Careers360 12th Jan, 2024

Correct Answer: Insurance Regulatory and Development Authority of India (IRDAI)
 


Solution : The correct answer is (b) Insurance Regulatory and Development Authority of India (IRDAI)

The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body responsible for regulating and supervising the functioning of insurance companies in India.

23 Views

Can a student studying vocational banking and insurance get admission in bcom honours?

ishratsadaf8 13th Feb, 2024

Dear Aspirant!

Yes, a student studying vocational Banking and Insurance can often get admission in B.Com (Honours) programs. However, admission policies may vary among colleges and universities. Some institutions might have specific criteria or additional requirements for students with a vocational background.

Elaboration :

  • Check Admission Policies: Contact the specific
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