Question
As per the IRDA Act who constitutes the Authority, and
what qualifications are required for its members?Solution
Explanation: Section 4. Composition of Authority: The Authority shall consist of the following members, namely:--(a) a Chairperson; (b) not more than five whole-time members; (c) not more than four part-time members, to be appointed by the Central Government from amongst persons of ability, integrity and standing who have knowledge or experience in life insurance, general insurance, actuarial science, finance, economics, law, accountancy, administration or any other discipline which would, in the opinion of the Central Government, be useful to the Authority.
In the context of asymmetric information, what is 'screening'?
If a company makes an offer of securities beyond the one-year validity period of the shelf prospectus, what is required?
Which of the following is not one of the ‘S’ in the 5 S technique used for controlling waste?
Integrated Ombudsman Scheme amalgamates three ombudsman schemes of RBI - banking ombudsman scheme of 2006, ombudsman scheme for NBFCs of 2018 and ombuds...
When the decision-making authority is completely left to the team members, it denotes which style of management?
As per RBI's discussion paper on ECL model for banks what is the recommended treatment for the transitional adjustment amount in relation to the adoptio...
Which entity received RBI's 'No Objection Certificate' to establish a wholly owned subsidiary in GIFT City, Gujarat?
Under the assessment guidelines given in Master Circular on Management of Advances – UCBs working capital requirement of borrowers, other than Micro a...
Regarding the Skill India Mission, consider the following statements:
1) Main focus of the Skill India Mission is Skilling, re-skilling,...
Which of the following is an Alternate reference interest rate for dollar denominated derivatives and loans that replaced LIBOR?
