Question
What is the name of the section under which RBI imposed
penalties on cooperative banks for regulatory non-compliance?Solution
The penalties levied on cooperative banks for non-compliance with RBI regulations were imposed under Section 47A(1)(c) of the Banking Regulation Act, 1949. This section empowers the RBI to take monetary action for regulatory deficiencies.
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
In which year all shares of Oriental Insurance Company Ltd. held by the General Insurance Corporation of India were transferred to the Central government?
Circumstance including possibility of loss or no loss but no possibility of gain is termed as?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
_____________ is a certification mark issued by the Bureau of Indian Standards (BIS) for products which are ecologically safe and adheres to the standar...
What does the preamble of an insurance policy NOT typically include?
Shagun gift is an insurance policy. It has been launched by_________.
Which of the following is an example of a variable charge in a business?
Personal and business property coverage combining several types of property insurance in one policy is called?
A motor policy is usually valid for a period of ____ year and has to be renewed before the due date.
Relevant for Exams:
