Question
What is the maximum amount that can be awarded by
Insurance Ombudsman, in case of a grievance?Solution
Insurance Ombudsman can pass an award within 3 months of receiving all the requirements from the complainant and which will be binding on the insurance company. The  award can be of any compensation up to the loss suffered  by the complainant as a direct consequence of the cause of action and not exceeding Rs.30 lakhs  (including relevant expenses, if any).
Which of the following represents the correct chronological order of the development of international trade theories?
As per the new Monetary Aggregates based on the recommendation of the Dr. Y.V. Reddy Committee, the domestic sectors are divided into which of the fol...
A budget that has both capital receipts and capital expenditure is called:
 The maximum rate of income tax which...
Suppose the regression specification y(hat) = a + βx + l  z + ε was estimated as y = 5 + 6x + 7z. We have a new observation for which x = 5 and z = ...
 The index of import prices stands at 150 and that of exports is 180. What is the terms of trade
Which of the following is correct?
Walraw’s Law states the following:
According to the kinked demand curve model, if a firm raises its price, competitors are likely to:
Consider a fractional reserve banking system with a legally required reserve-deposit ratio of m. Suppose that an individual deposits ID dollars in one b...
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