Insurance
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
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 : From the following information, calculate the balance of cash in hand on 31st March 2021
1. Cash in hand on 1st April 2020 Rs.4,390 7. Taxes paid Rs 490
2. Subscription Rs 37,600 8. Salaries Rs 21,500
3. Donation Rs 8,000 9. Honorarium to secretary Rs 2,500
4. Entrance fees Rs 4,300 10. Interest Received on Investment Rs 2,950
5. Rent received for club Hall Rs 5,250 11. Printing and stationery paid Rs 350
6. Electricity charges Rs 3,440 12. Petty cash expenses Rs 900
13. Insurance premium paid Rs 310
Option 1: Rs 38,250
Option 2: Rs 33,000
Option 3: Rs 28,000
Option 4: Rs 37,390
Correct Answer: Rs 33,000
Solution : Cash in hand = 4,390 (+) Subscription = 37,600 (+) Donation = 8,000 (+) Entrance fee = 4,300 (+) Rent received = 5,250 (-) Electricity charges = (3,440) (-) Insurance premium = (310) (-) Taxes paid = (490) (-) Salaries paid = (21,500) (-)
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.
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 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
Question : Select the most appropriate option that can substitute the underlined segment in the given sentence Health insurance are important today since anyone can face a medical emergency without warning.
Option 1: will be important
Option 2: has been important
Option 3: was important
Option 4: is important
Correct Answer: is important
Solution : The fourth option is the correct choice.
The subject in the sentence is "health insurance", which is singular. The correct verb form to agree with the singular subject is "is". The original verb form "are" does not agree in number with the singular subject,
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
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
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
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
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
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
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