Question
Which of the following committees recommended the
introduction of the Banking Regulation (Amendment) Bill, 2020 in the Indian Parliament?Solution
The introduction of the Banking Regulation (Amendment) Bill, 2020 in the Indian Parliament was recommended by the V. Acharya Committee. The committee was constituted by the Reserve Bank of India (RBI) in 2016 to review the framework for the resolution of stressed assets in the banking sector. The committee submitted its report in April 2018, which recommended several measures for improving the resolution framework, including the introduction of the Banking Regulation (Amendment) Bill, 2020. The bill was introduced in the Lok Sabha in March 2020 and was passed by both houses of Parliament in September 2020. Hence, option D is correct.
Which of the following is a central index server that offers de-duplication services and acts as a KYC repository?
The first motor vehicle insurance policy was issued in the UK in:
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
An independent professional person registered under the Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
Which section of the Indian Insurance Act 1938 provides for nomination of a person?
_____ is the length of time after a premium is due and unpaid during which the policy, including all riders, remains in force.
One of the methods of reducing insurance cost of an insured is __________.
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
The 'Insured's Declaration' form typically includes information about:
Which Insurance is a compulsory insurance plan administered by a government agency with the primary emphasis on social adequacy?
