Question
The first unit-linked insurance plan (ULIP) was launched
by which of these countries?Solution
India was the first one to launch it in the year 1971 by Unit Trust of India. ULIPs are a type of ‘Protection + Savings’ plans. It is a combination of insurance (life insurance) and investment. Here wealth creation is the goal along with life cover  where the insurance company puts a portion of investment towards life insurance and rest into a fund of the insured’s/policyholders’ choice (that is based on equity or debt or both just like in a mutual fund) and matches with individual long-term goals.
Match List I with List II and select the correct answer using the code given below the lists:
List I                      �...
A contraceptive technique that increases phagocytosis of sperms within the uterus is:Â
Select the correct balanced equation for the reaction Al₂(SO₄)₃ + BaCl₂ → AlCl₃ + BaSO₄.
Consider the following statements regarding PESA Act:
1. The state government may nominate members at all levels of Panchayats.
2. The nom...
Which one among the following represents the meaningful sequence of the words given below ?
1. Interview
2. Appointment
3. Selectio...
With reference to Objectives Resolution, consider the following statements:
1. It was moved by Dr. B R Ambedkar in the Constituent Assembly.
... Which of the following statements is/are correct in regards to the IMF?
1.The IMF formally came into existence on 27 December 1945
2.189...
Which of the following provision require special majority of the Parliament along with the ratification of states for their amendment:
1. Citiz...
A man invested Rs. 10,000 at simple interest of 'x%' p.a. and received Rs. 20,000 after 2 years. If he had invested Rs. 25,000 at simple interest of 'x%...
Which of the following Institutions is associated with the Australia-India Centre for Energy (AICE)?
