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.
If the price of tea increases by 50%, what percent should the consumption be cut down to keep the spending constant?Answer should be rounded off to the ...
Monthly income of P is Rs.19000 and his monthly savings is Rs.9500. If his monthly income is decreased by 30% and monthly expenditure is decreased by 20...
A person spent 22% of his monthly income on food and 77% of the remaining on rent. If amount spent on rent is Rs 600.6, then find the amount spent on fo...
If two successive discounts of 20% and 12% are applied, what would be the equivalent single discount?
Out of the total income of Sunita, she spends 35% on food, 15% on rent and 30% on groceries. Out of the remaining income, she donates 25% in a charity a...
If the student scores 27% of the marks, then he has failed by 186 marks. But if he scores 54% marks then he is passed by 246 marks. Find the passing per...
Rajesh spent 48% of his monthly income on food and 52% of the remaining of study. If total monthly savings (after spending on food and study) of Rajesh ...
A student multiplied a number by 8/5 instead of 5/8. What is the percentage error in the calculation?
'T' spends 20% of his monthly income on education, 35% on medical expenses, and 15% of the remaining amount on leisure activities. He saves the rest in ...
In a given years, A sold 1200 caps while B sold 20% more number of caps than A and C sold 10% less number of caps than B. Find the ratio between the num...
