Question
What is the approximate contribution of the non-life
insurance sector to India’s GDP?Solution
• The non-life insurance sector in India contributes around 1% of GDP (FY2022 and FY2023 data). • In comparison, life insurance has a larger share, around 3.2% of GDP, making it the dominant segment in insurance penetration. • Globally, the average non-life insurance penetration is about 4%, so India’s 1% indicates room for growth in this sector. • Despite being smaller than life insurance, the non-life sector is stable and vital to India’s financial system.
Aparna: I cannot tolerate the nuisance of drug abuse in my current university and thus, I have decided to transfer to a university where there are no fr...
Statement: India’s “Power-for all”plan is facing a challenge as states such as Bihar, Uttar Pradesh, Jharkhand, West Bengal and Odisha have indi...
Statement: Of the 478 storm water drains identified for clean-up before monsoon in the city, only 167 have been taken up, and work on these is still un...
Statement: The alumni of the institute returned to rescue crumbling building of 112-year-old alma mater.
I. The Building of the institute was b...
STATEMENTÂ Â :Â Repo Rate increased to decrease liquidity in the market.
ASSUMPTIONS: IÂ The present rates are very low.
    ...
Statement : With all earlier attempts to prevent waste and debris dumping into lakes and catch the culprits having failed, the City Corporation has now...
A statement is given followed by two conclusions numbered I & II. Assuming the statement to be true, even if they seem to be at variance with commonly ...
Statement: Scientists, led by an Indian-origin researcher, have developed artificial bone tissues that could provide new bone marrow for patients needi...
Statement: Scores of students and parents staged a sit-down protest outside the Department of Public Instruction (DPI) for not intervening and initiati...
Statement : There are no river sand quarries employing machines and sand extraction is done manually and transportation through carts.
I. The r...
