Question
Which of the following are the functions of the Reserve
Bank of India?        I.           RBI sells foreign currency in the foreign exchange market when its supply decreases in the economy and vice-versa.      II.           Setting of Inflation targeting.    III.           Maintaining price stability in the economy.Solution
The Government of India sets an inflation target for every five years. RBI has an important role in the consultation process regarding inflation targeting.
The conversion of insurance companies from mutual companies owned by their policyholders into publicly traded stock companies is termed as?
What does ‘Paid Up’ policy means in insurance?
Which of the following is NOT a duty of the insured in case of a loss?
What does the preamble of an insurance policy NOT typically include?
The coinsurance is specified by which of the following term?
Under the Sampoorna Gram Bima Yojana, what is the minimum number of households to be covered in one village?
The first motor vehicle insurance policy was issued in the UK in:Â
In 1818, India’s first insurance company Oriental Life Insurance Company was established in which city?
What is the purpose of a deductible in an insurance policy?
Who is responsible for investigating and settling claims?
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