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The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that all policyholders must provide their Know Your Customer (KYC) details when purchasing any type of insurance policy from January 1, 2023. This requirement applies to all individuals and entities purchasing insurance in India and is intended to ensure that insurance companies have accurate and up-to-date information about their policyholders. Providing KYC details helps to prevent fraud and money laundering, and ensures that policyholders receive the full benefits of their insurance coverage. Currently, KYC documents are only required when making a claim worth over Rs 1 lakh. Under the new insurance rule, KYC documents will be required even while purchasing a new policy.
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Which of the following statements correctly differentiates between continuous and categorical data?
Why is sampling commonly used in data analysis, especially when dealing with large datasets?
Which IoT communication protocol is lightweight and optimized for constrained devices?
Which method helps to reduce bias when creating a sample from a population for analysis?
Which of the following SQL commands is classified as a Data Definition Language (DDL) command?
Why is sampling often preferred over using the entire population for data analysis?
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