Question
The Mumbai Interbank Bid Rate (MIBID) is administered by
which among the following?Solution
MIBID is the rate of interest in which funds are borrowed by banks from the other banks. It is mainly the average rate of interest at which term deposits are offered between the prime banks in the money market of the country. It is always lower than the Mumbai Interbank Offer Rate. It was launched by the National Stock Exchange in 1998 and is determined by NSE.Â
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Which of the following company is not a foreign insurance company?
What is the maximum value of claim up to which an insurance Ombudsman can redress a customer grievance?
An insurance cover that is linked with credit activities and aims to protect the credit is called?
Funds that a lender collects to pay monthly premiums in mortgage and home owners insurance, and sometimes to pay property taxes is called?
Failure to disclose material facts can make the policy:
What is the purpose of a deductible in an insurance policy?
The 49th GST Council made recommendations relating to GST compensation. In this context, Government of India has decided to clear the entire pending bal...
As per the insurance act, early Death Claims can arise out of death during the first __________ policy years.
The 'No Claim Bonus' is calculated based on:
