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▪About: It is the first institution of its kind in independent India, created to combat corruption among public functionaries. oIt was established under the Lokpal and Lokayuktas Act, 2013 to investigate allegations of corruption against individuals within its scope. Hence, statement 1 is correct. ▪Composition of the Lokpal: The Lokpal consists of a Chairperson and eight Members, with at least 50% being Judicial Members. Hence, statement 2 is not correct. Jurisdiction: The Lokpal has the authority to investigate allegations of corruption against a wide range of public functionaries, including the Prime Minister, Union Ministers, Members of Parliament, and officials in Groups A, B, C, and D of the Union Government. Hence, statement 3 is correct. ▪Organisational Structure: The Lokpal operates through two main branches: the Administrative Branch and the Judicial Branch. oAdministrative branch is headed by an officer of the rank of Secretary to the Government of India. oJudicial branch is headed by a Judicial Officer of an appropriate level. Hence, statement 4 is not correct.
Which type of insurance can covers two or more items or location ?
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
The premium of insurance of your two-wheeler depends on its IDV. What does IDV denotes?
Insurance penetration measures:
What is the term used to describe the process of transferring a portion of risk to another insurer?
Which of the following government increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%?
Which of the following categories of people will NOT be covered under Postal Life Insurance?
Mortality Charge is the amount charged _____________ by the insurer
What does the preamble of an insurance policy NOT typically include?
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
