Insurance
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 : 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 : 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,
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