Question
As per the IRDA Act 1999, when IRDA was established, it
replaced _______under Insurance Act 1938.Solution
IRDA ACT, 1999: This Act was passed by Parliament in Dec.1999 & it received presidential assent in Jan.2000. The aim of the Authority is “to protect the interest of holders of Insurance policies to regulate, promote and ensure orderly growth of Insurance industry & for matters connected therewith or incidental thereto.” Under this Act, an authority called IRDA is established which replaces Controller of Insurance under Insurance Act 1938.
Similar to the Stock Exchanges in IFSC, the Bullion Exchange shall be required to submit MDR (Monthly Development Report) to IFSCA on a what frequency b...
Which of the following is the fiscal deficit for the current year minus interest payments on previous borrowings?
Which of the following financial centers provide international financial services mainly to their national economies?
In preparing performance appraisals, the sales manager ranked Aniket as the overall best salesperson because he had the highest level of sales, and Amit...
International Financial Services Centre is established under Section ………. of Special Economic Zones Act, 2005
Consider the following Statements and choose the option with correct Statements.
I- Jal Jeevan Mission was launched in 2019 as a Central Sector ...
What is the upper age limit for joining the PM Vaya Vandana Yojana?
In 2008, India launched the National Action Plan on Climate Change (NAPCC), establishing _________ National Missions, covering several initiatives and a...
 Regarding Systematic Withdrawal Plans (SWP) within the framework of mutual funds, which of the following best describes its primary function?
In export credit, which of the following risks is typically NOT covered by an Export Credit Guarantee Corporation (ECGC) policy?
