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Insurance Regulatory and Development Authority of India (IRDAI) has relaxed norms for surety bonds, a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach of contract or other types of non-performance. The changes are aimed at expanding the surety insurance market by increasing the availability of such products. The solvency requirement applicable for such products has now been reduced to control the level of 1.5 times from 1.875 times previously prescribed. Further, the prevailing 30 percent exposure limit applicable on each contract underwritten by an insurer, has also been removed.
A risk-averse investor is best described as an individual as __________
Which of the following methods will be used to classify an investment in debt instrument for which the company has intention to receive contractual cas...
One of the important goals of the economic liberalization policy is to achieve high convertibility of the Indian rupee. Which of the following is not a ...
Under the Raising and Accelerating MSME Performance (RAMP) scheme, which of the following components is NOT a focus area?
_______ is the process of passing information, experience, opinion etc. from one person to another. It is a bridge of understanding.
What is the name of the grievance redressal portal for pensioners?
The cost incurred for an additional product is known as ________
Rights shares are given only to those shareholders who own the company’s shares on ……….
In case the company has issued Bonus shares, which among the following ratios will be affected?
For the calculation of Maximum Permissible Bank finance recommended by Tandon Committee , which of the following correctly depicts the second method? ...