Insurance
Question : Which among the following was set up in 1956 by the Indian Government by nationalising all the existing private sector life insurance companies?
Option 1: United India Insurance Company Limited
Option 2: General Insurance Corporation of India
Option 3: New India Assurance Company Limited
Option 4: Life Insurance Corporation of India
Correct Answer: Life Insurance Corporation of India
Solution : The correct option is Life Insurance Corporation of India.
The Government of India nationalised the private life insurance companies already in operation, creating the Life Insurance Corporation of India (LIC) in 1956. The action, which was a component of the
Question : Medical Insurance Scheme for State Employees and Pensioners (abbr. MEDISEP) is a unique and comprehensive social insurance scheme. This scheme was implemented by which state government?
Option 1: Karnataka
Option 2: Chhattisgarh
Option 3: Kerala
Option 4: Rajasthan
Correct Answer: Kerala
Solution : The correct answer is Kerala.
All active and retired employees of the Kerala State Government and the Kerala High Court currently covered by the Kerala Government Servants Medical Attendant Rules [1960] are to receive full medical insurance coverage under the MEDISEP scheme.
Question : The General Insurance (Amendment) Act, 2021 removes the provision that required the Central Government to have at least __________ownership in four subsidiaries of General Insurance Company, namely, National Insurance, New India Assurance, Oriental Insurance, and United India Insurance.
Option 1: 75%
Option 2: 49%
Option 3: 51%
Option 4: 80%
Correct Answer: 51%
Solution : The correct answer is 51%.
The General Insurance (Amendment) Act of 2021 removes the provision that required the Central Government to have at least 51% ownership in four subsidiaries of General Insurance Company, namely, National Insurance, New India Assurance, Oriental Insurance, and United India Insurance.
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 : Which regulatory body oversees microfinance institutions in India?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Finance
Option 3: Insurance Regulatory and Development Authority of India (IRDAI)
Option 4: Securities and Exchange Board of India (SEBI)
Correct Answer: Reserve Bank of India (RBI)
Solution : The correct option is the Reserve Bank of India (RBI).
The regulatory body that oversees microfinance institutions in India is the Reserve Bank of India (RBI). The RBI regulates and supervises microfinance activities in the country to ensure their stability
Question :
Which one of the following disburses long-term loans to private industry in India?
Option 1:
Food Corporation of India
Option 2:
Life Insurance Corporation of India
Option 3: Primary Credit Society
Option 4: Land Development Banks
Correct Answer: Land Development Banks
Solution : The correct answer is Land Development Banks.
The Land Development Bank is a commercial type of bank in India. The first bank was initiated in 1960 in Punjab to develop land and agriculture. It provides medium and long-term loans to small and
Hi!
National Law University, Jodhpur offers an MBA in Insurance programme through its School of Insurance Studies . Every year, a number of reputed domestic and International Law Firms, and Insurance companies participate in the placement process, and hire students. According to the placement data released by the NLU Jodhpur
Question : The e-NAM (National Agricultural Market) platform was launched by the Indian government to facilitate:
Option 1: Online agricultural commodity trading
Option 2: Farmer producer organizations (FPOs)
Option 3: Crop insurance for farmers
Option 4: Rural electrification
Correct Answer: Online agricultural commodity trading
Solution : The correct answer is (a) Online agricultural commodity trading.
The e-NAM platform is an online platform that connects agricultural markets (mandis) across the country to create a unified national market for agricultural commodities. It aims to provide farmers with a transparent and
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 : In April 2022, the ‘SVANidhi se Samriddhi’ program was launched in an additional 126 cities. This program provides ________.
Option 1: insurance cover
Option 2: scholarships to students
Option 3: hospital facilities
Option 4: social security benefits
Correct Answer: social security benefits
Solution : The correct answer is social security benefits.
The Ministry of Housing and Urban Affairs has extended the reach of the 'SVANidhi se Samriddhi programme' to 126 more cities in 14 states and Union Territories. The goal of the 'SVANidhi se Samriddhi initiative'
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