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 insurance coverage to below-poverty-line households and other eligible categories of workers in the informal sector.
Statement 2 is true. RSBY is indeed a government initiative aimed at addressing the health needs of the rural population in India. It aims to provide financial protection and access to healthcare services for those living below the poverty line in both rural and urban areas. The scheme seeks to mitigate the financial burden of medical expenses and improve the overall health outcomes of the rural population.
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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.
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%
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
Question : Who is the regulator of the insurance sector in India?
Option 1: IRDAI
Option 2: RBI
Option 3: SEBI
Option 4: PFRDA
Question : Which of the following controls the insurance business of India?
Option 1: RBI
Option 2: IDBI
Option 4: IRDAI
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