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.
A trader allows two successive discounts of x% and y% on the marked price of an article. Is the selling price of the article less than Rs. 18,000?
<...A train that is 200 meters long passes a platform that is 350 meters long in a specific amount of time. The same train, traveling...
What is the length of a wooden board of width 6 metres and thickness one-third of the width?
Statement I: Surface area of the board is 152 m².
What is the age of a class teacher?
I. There are 13 students in the class.
II. The average age of students and the teacher is 16 years.
What is the length of the metro travelling at uniform speed?
I: The Metro crossed another Metro of length 450 m moving in opposite direction in ...
What is the downstream speed of the boat?
Statement I: The speed of the boat is 15 km/hr.
Statement II: The boat rows up a river 30 km i...
Find the volume of the cylinder?
Statement I: Height of the cylinder is equal to the radius of the base.
Statement II: Height of the cyl...
What is the average of L, 50, 76, 82, M and N?
I. L is six more than M.
II. N is four less than L.
What is the time taken by train to go from Station A to Station B?
Statement I: If the train increases its speed by 20%, then it reaches 40 mi...
The question consists of two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are suffi...
