Question
Under which act did the Reserve Bank of India (RBI)
introduce the 'Marginal Cost of Funds Based Lending Rate' (MCLR) system to determine lending rates?Solution
The RBI introduced the MCLR system under the Banking Laws (Amendment) Act, 2012, to improve transparency in the determination of lending rates by banks.
The 'Third-Party Liability' cover in a motor insurance policy is mandatory in India as per the:
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
A form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments is termed as?
What is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster?
With the implementation of the 'National Green Hydrogen Mission,' India's Green Hydrogen production capacity is likely to reach at least ______ per annum
The insurance is listed in which schedule to the Constitution of India?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Which of the following is NOT a factor that affects the premium of a motor insurance policy?
Which of these changes would typically require an endorsement?
The primary categories of insurance business in India are:
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