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      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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