Question
The terms ‘Marginal Standing Facility Rate’ and
‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to?Solution
Marginal Standing Facility rate is the rate at which banks borrow funds overnight from the Reserve Bank of India (RBI) against approved government securities. Net Demand and time liability is the sum of demand and time liability of Banks with public and other banks wherein assets with other banks is subtracted to get net liability of other bank.
Which bank was recently authorized by RBI to undertake the government business on behalf of RBI?
A policy that covers damage to neon signs is:
The 'Act Only' policy covers:
What is the purpose of a risk survey in underwriting?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
In which year New India Assurance Co Ltd nationalized?
The role of a risk engineer in the insurance process is to:
If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
What is the purpose of risk management for an insured?
In a "hard market," what typically happens to insurance premiums and coverage?
