Question
In July 2024, which organization amended its guidelines
on commissions for long-term motor insurance policies to align them with standard annual policies?Solution
The IRDAI revised its guidelines regarding the commission structure for long-term motor insurance policies, making it consistent with those for standard one-year policies. This adjustment allows insurers to manage commissions within the defined expense management framework, thereby harmonizing long-term and annual policy treatments.
 According to the Principle of Equal Marginal Sacrifice proposed by Hugh Dalton, an optimal income tax structure is one where:
In the Heckscher-Ohlin (H-O) Model of international trade, the Stolper-Samuelson Theorem predicts the long-run effect of opening to trade on factor retu...
Which of the following statements regarding Priority Sector Lending (PSL) norms in India is incorrect?
Which of the following is not an example of market failure?
Mahalanobis model is –
Which of the following is a key objective of India's New Industrial Policy 2019-2024?
You are given the following data for national economy of a country Y:
Equilibrium GDP is $6000 million.
MPC is 0.8
It is considered...
In a time-series forecasting problem, if the seasonal indices for quarters 1, 2, and 3 are 0.80, 0.90, and 0.95 respectively. What can you say...
A card is drawn randomly from a deck of ordinary playing cards. You win Rs.900 if the card is a spade or a king. What is the probability that you will w...
Calculate NNPfc from the following data:
(in Rs crores)
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