Question
Consider the following statement: I. Section
25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee. II. Insurance Advisory Committee consisting of not more than twenty members excluding the ex-officio members. III. The Chairperson and the members of the Authority shall be the ex-officio members of the Insurance Advisory Committee. Which of the above statement is/are correct about Insurance Advisory Committee?Solution
Section 25 of IRDAI Act, 1999 lays down for establishment of Insurance Advisory Committee consisting of not more than twenty five members excluding the ex-officio members. The Chairperson and the members of the Authority shall be the ex-officio members of the Insurance Advisory Committee.
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...A country is said to be experiencing a Current Account Deficit when _____
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