Insurance
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 : The Pradhan Mantri Fasal Bima Yojana provides insurance coverage for which sector?
Option 1: Industrial workers
Option 2: Farmers
Option 3: Self-employed individuals
Option 4: Government employees
Correct Answer: Farmers
Solution : The correct answer is (b) farmers.
The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme launched by the Government of India. It aims to provide financial protection to farmers against crop losses due to natural calamities, pests, diseases, and other risks.
Under
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 : The Agricultural Produce Market Committee (APMC) is responsible for:
Option 1: Implementing crop insurance schemes
Option 2: Providing financial assistance to farmers
Option 3: Regulating agricultural marketing in specified areas
Option 4: Promoting organic farming practices
Correct Answer: Regulating agricultural marketing in specified areas
Solution : The correct answer is (c) Regulating agricultural marketing in specified areas.
APMC is a statutory body established by state governments in India to regulate and supervise the marketing of agricultural produce within designated market areas. The main objective of APMC
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 : Assertion: The Employee State Insurance (ESI) Act provides social security and health insurance benefits to workers. Reason: ESI is applicable to establishments with ten or more employees
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion that the Employee State Insurance (ESI) Act
Question : What is the main role of an investment bank in the capital market?
Option 1: Facilitating government bond auctions
Option 2: Assisting companies in mergers and acquisitions
Option 3: Regulating the stock exchanges
Option 4: Providing insurance services
Correct Answer: Assisting companies in mergers and acquisitions
Solution : The correct answer is (b) Assisting companies in mergers and acquisitions.
The main role of an investment bank in the capital market is to assist companies in mergers and acquisitions (M&A) activities. Investment banks provide advisory services and support to
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