What is the primary purpose of the C-295MW transport aircraft received by the Indian Air Force from Airbus?
The Indian Air Force received the first C-295MW transport aircraft from Airbus. IAF chief Air Chief Marshal V.R. Chaudhari formally received symbolic keys to the first aircraft at the Airbus facility in Seville, Spain. The 56 C-295 aircraft will replace the ageing Avro aircraft. Under the contract, 16 aircraft will come in fly-away condition from Seville while 40 will be manufactured by Airbus jointly with Tata Advanced Systems Ltd. (TASL). In September 2021, the Defence Ministry signed a ₹22,000-crore deal with Airbus and Space S.A., Spain for procurement of 56 C-295MW transport aircraft to replace the Avro aircraft in service with the IAF. C-295 aircraft deal is valued at around $2.5 billion, and it will significantly impact bilateral relations as well as economic ties between India and Spain.
Consider the following statement:
I. Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee.
II. I...
The coinsurance is specified by which of the following term?
In order to monitor and control solvency requirements, it has been made mandatory to the insurers to submit solvency report on _______ basis.
In which year all shares of Oriental Insurance Company Ltd. held by the General Insurance Corporation of India were transferred to the Central government?
Which of the following is not one of the stages in product life cycle?
_______________ is not an indicator of service quality.
Which of the following is a reinsurance company in India?
A Mutual Fund’s SIP is essentially a staggered payment over a defined period of time with a defined contribution by the investors. What is the expansi...
What do you mean by money back policy in insurance?
Which of the following principles of Insurance denotes insurance of same subject matter with two different companies or with the same company under two ...
