The first unit-linked insurance plan (ULIP) was launched by which of these countries?
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.
The D-SIBs banks are classified into _______ buckets.
When was the Reserve Bank of India established ?
Which of the following organization have signed agreement to develop sustainable water policy in Odisa ?
With reference to the BRICS, consider the following statements-
I. The BRICS brings together five of the largest developing countries of the wo...
According to the Harrod - Domar growth model, the GDP is ___
If indeed the deposits made by banks are ₹ 10 ,000 crore and legitimate reserve requirements are 40 percent, then the amount of initial deposits will be
Which of the following statements regarding the elasticity of demand is/are correct?
1. The sign of the price elasticity of demand cannot be posi...
Which of the following statements is/are true with respect to the Non-Banking Financial Companies ?
I. A Non-Banking Financial Company (NBFC) is ...
Which of the following statements is/are not correct with respect to the Electoral Bonds Scheme ?
I.The government introduced the Electoral Bon...
The establishment of ‘Payment Banks’ is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in t...
