Question
Under the Insurance Act, 1938, which authority is
responsible for regulating and supervising the insurance sector in India?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) is the statutory body established under the IRDA Act, 1999 to regulate, promote, and ensure orderly growth of the insurance sector in India. While the Insurance Act, 1938 governs the framework of insurance business, IRDAI is empowered to: • Issue licenses to insurers and intermediaries • Regulate premium rates • Protect policyholders’ interests • Monitor financial health of insurance companies
Statements: All cans are vessels.
Some vessels are jars.
All jars are containers.
Some container...
Statement:Â
Some P are Q
Only a few R are S.
Only a few S are T.
Some S are P.
Conclusion:
I. All R can b...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Some plates are spoons.
All spoons are cups.
No cup is a fork.
Conclusions:
I. Some plates are cup...
Statements :
All sparrows are parrots.
No parrot is bird.
All birds are peacocks.
Conclusions:
I. Some birds are ...
have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given co...
Conclusions:
I. Some Flats are Buildings.
II. Some Apartments are Flats.
III. No Building is a Roof.
Statements:
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statement: S < T ≥ O = R; T < V
Conclusion:
I. V > S
II. R < VÂ
Statements : Some eggs are chickens.
No chicken is a hen.
No hen is a pigeon.
Conclusions : I. Some eggs may be hens.
II....
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