Question
Country Y is experiencing high inflation rates due to a
combination of factors, including supply chain disruptions, rising energy prices, and loose monetary policy. Which of the following measures is the central bank of Country Y likely to take to curb inflation?Solution
To combat high inflation, the central bank is likely to increase interest rates. This will make borrowing more expensive, reduce consumer spending and investment, and ultimately lower aggregate demand, leading to a decrease in the inflation rate.
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependents is called?
A Mutual Fund’s SIP is essentially a staggered payment over a defined period of time with a defined contribution by the investors. What is the expansi...
Erection All Risks (EAR) Policy is also known as:
The Insurance Institute of India (Regd.) formerly known as?
Consumer Protection Act deals with:
The 'Own Damage' cover in a motor insurance policy protects the insured against:
A policy that covers the risk of theft of goods from a shop is:
The Insurance Ombudsman was established to:
Who is responsible for investigating and settling claims?
In respect of Life insurance and individual Health insurance policies, a free look cancellation period of ____days has been provided to provide sufficie...
