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Statement A is correct as it accurately reflects the information provided about the corporate agency arrangement between LIC and IDFC First Bank Ltd. The partnership allows over 1 crore customers of IDFC First Bank to buy LIC policies online through the bank's website, providing a seamless experience for their life insurance needs due to the high percentage of online transactions conducted by the bank's customers. Statements B and E are incorrect because the arrangement focuses on life insurance policies, not health insurance, and it aims to enhance, not restrict, accessibility and convenience for customers seeking life insurance solutions. Statement C is incorrect because it incorrectly states that less than 50% of IDFC First Bank's transactions are conducted online, whereas the correct information is that over 95% of the bank's transactions happen online. Statement D is incorrect as it misattributes the statement to R Doraiswamy and incorrectly states that the tie-up will provide LIC's customers with a wide range of IDFC First Bank's products, instead of IDFC First Bank's customers having access to LIC's products.
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A sum fetched a simple interest of ₹3,040 at the rate of 8 %.p.a. in 5 years. What is the sum?
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The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 580. The sum is:
Simica invested a certain amount of money at a simple interest rate of 12.5% per annum and earned Rs. 2,400 as interest over 3 years. If Tabu invested t...