Question
When was Insurance Regulatory and Development Authority
(IRDA) established?Solution
Explanation: The Insurance Regulatory and Development Authority (IRDA) is an autonomous regulatory body in India responsible for overseeing and regulating the insurance sector. It was established in 1999 under the Insurance Regulatory and Development Authority Act, 1999. The primary objective of IRDA is to protect the interests of policyholders and ensure the orderly growth and development of the insurance industry in India.
What is the primary function of the National Payments Corporation of India (NPCI)?
A threat to commit suicide may amount to:
The concept of Tax Treaty-Based Exemption (TTB) typically applies when:
A company faces a lawsuit for patent infringement. Legal advisors state a 55% probability of losing with damages of â‚ą50 crore, but range could be â‚ą4...
Which of the following scenarios correctly reflects the going concern assumption?
As per IRDAI norms, an insurer must maintain a solvency ratio of at least 150%. If an insurer’s available solvency margin is ₹900 crore, what should...
Which of the following is/are involved in Financial Management?
1. The process of acquiring and efficiently utilising financial resources
...
What is the maximum limit for insurance coverage provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?
A company purchased machinery on 1st April 2021 for â‚ą12,00,000 with an estimated residual value of â‚ą1,20,000 and useful life of 6 years. Using strai...
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