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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

14 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

26 Views

Question : Directions: Study the given diagram carefully and answer the question. The numbers in different sections indicate the number of persons.

How many men are sales executives in the insurance industry?

Option 1: 47

Option 2: 33

Option 3: 31

Option 4: 39

Team Careers360 12th Jan, 2024

Correct Answer: 31


Solution : In the diagram, the shaded parts represent the men who are sales executives in the insurance industry.

Thus, the number of men who are sales executives in the insurance industry = 31. Hence, the third option is correct.

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

22 Views

Question : The novel Self-Help Group Bank Linkage Program (SHG-BLP) project, which grew into a dominant microfinance model, was piloted by ________.

Option 1: The National Bank for Agriculture and Rural Development

Option 2: Micro Finance Institutions

Option 3: The Insurance Regulatory and Development Authority

Option 4: The Securities and Exchange Board of India

Team Careers360 7th Jan, 2024

Correct Answer: The National Bank for Agriculture and Rural Development


Solution : The correct answer is The National Bank for Agriculture and Rural Development.

The Self-Help Group Bank linkage program (SHG-BLP) is a major part of the strategy for delivering financial services to marginalised people in India. It was initiated

6 Views

Question : Which total cost is highlighted in the given statement?
Statement: It does not vary directly with level of output like rent or insurance.
 

Option 1: Fixed cost

Option 2: Variable cost

Option 3: Semi variable cost

Option 4: None of the above


 

Team Careers360 14th Jan, 2024

Correct Answer: Fixed cost


Solution : Total cost includes three types of cost fixed costs, variable costs and semi variable costs. Fixed cost does not varies directly with level of output like rent or insurance. Variable cost varies directly with output like payment for raw material, wages, power,etc. Semi variable

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