Question
Which of the following statements about the RBI's
Financial Inclusion Index (FI-Index) is correct? 1. The FI-Index rose to 64.2 in March 2024, indicating growth in financial inclusion. 2. The FI-Index ranges from 0 to 100, where 100 represents complete financial exclusion. 3. The value of the FI-Index increased from 60.1 in March 2023 to 64.2 in March 2024.Solution
The FI-Index did rise to 64.2 in March 2024, and its value increased from 60.1 in March 2023 to 64.2 in March 2024. The index ranges from 0 to 100, with 100 indicating full financial inclusion, not exclusion.
How much Foreign direct investment (FDI) is allowed in Insurance Repository?
__________ in insurance is the splitting or spreading of risk among multiple parties.
In which year General Insurance Corporation of India ( GIC ) notified as the Indian Reinsurer?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
One of the methods of reducing insurance cost of an insured is __________.
Which of the following is an example of a variable charge in a business?
In 2016 , First IPO launched by which insurance company ?
In Insurance, CGL stands for?
Which one of the following does not belong to the main products of life insurance?
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