Question

    _________ indicates the level of development of

    insurance sector in a country.
    A Revenue Rate Correct Answer Incorrect Answer
    B Policy Rate Correct Answer Incorrect Answer
    C Penetration Rate Correct Answer Incorrect Answer
    D Core Rate Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Penetration rate indicates the level of development of insurance sector in a country. Penetration rate is measured as the ratio of premium underwritten in a particular year to the GDP.

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