Question
Under the Insurance Act, 1938, what is the role of the
Tariff Advisory Committee (TAC)?Solution
As per Section 64UC of the Insurance Act, 1938, the Tariff Advisory Committee (TAC) was empowered to: ⢠Control and regulate the rates, advantages, terms, and conditions offered by insurers in respect of certain classes of general insurance (e.g., fire, motor). ⢠The aim was to ensure uniformity, fairness, and prevent undercutting or unhealthy competition among insurers. ⢠Although its powers have reduced after the liberalization of the insurance sector and rise of competition, the provision laid the foundation for pricing regulation in insurance. ⢠The IRDAI now performs most regulatory functions, but the concept of TAC still exists within the Act.
A question is given followed by two arguments. Decide which of the arguments is/are strong with respect to the question.
Question:
Shoul...
What should come in place of the question mark (?) in the given series based on the English alphabetical order?
AOS, DMV, GKY, JIB, ?
If the year is NOT a leap year, then how is the last day of the year and first day of the same year related?Â
In the following number-pairs, the second number is obtained by applying certain mathematical operations to the first number. Which numbers should repla...
Select the option that is related to the third word in the same way as the second word is related to the first word. (The words must be considered as me...
âEntertainmentâ is related to âTelevisionâ in the same way as âWarmthâ is related to â______â.
Select the set in which the numbers are related in the same way as are the numbers of the following set.
(NOTE : Operations should be performed o...
Select the number from among the given options that can replace the question mark (?) in the following series.
23, ?, 89, 177, 353, 705
Statements: Some chargers are metal. All metal are hard. Some hard are stools.
Conclusion I: All chargers are metal.
Conclusion II: Some stools are hard.
