Question
How many UPI transactions in volume were recorded in
India for the first time in a month i.e. August 2023, according to data released by the National Payments Corporation of India (NPCI)?Solution
India has recorded 10 billion UPI transactions in volume for the first time in a month, as reported by the National Payments Corporation of India (NPCI). In terms of value as well, UPI transactions are expected to reach a new high, having already reached Rs 15.18 trillion.
Under the General Insurance Business (Nationalisation) Act the provision relating to the payment of the dues to the Life Insurance Corporation, it shall...
Who can nominate the person or persons to whom the money secured by the policy shall be paid in the event of the death of the policy holder as per the I...
Under the General Insurance Business (Nationalisation) Act the provision relating to the payment of the dues to a foreign insurer, it shall be given to ...
What is required for an insurer to legally carry on any class of insurance business in India after the commencement of the Insurance Act?
Under the Insurance Act, 1938, the minimum paid-up capital required for starting a life insurance company is:
When can a principal revoke an agent's authority?
The Authority with the previous approval of the Central Government shall constitute an Advisory Committee consisting of _______________
What happens to the shares of an Indian insurance company upon the appointed day according to the General Insurance Business (Nationalisation) Act?
What shall be the duration of the Executive Committee of the Life Insurance Council or the General Insurance Council as per the Insurance Act, 1938?
What is an adapter vehicle?
