Question
When customers perceive little difference between
competing banks, price sensitivity tends to:Solution
When differentiation is low, customers compare primarily on price. Why Other Options Are Incorrect • A: Opposite effect. • C: Market dynamics change. • D, E: Unrealistic. Banking Example: Comparing identical savings interest rates.
Who was appointed as the new Chairman of Insurance Regulatory and Development Authority of India (IRDAI) in August 2025?
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called?
As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to ref...
Legal responsibility of a fiduciary to safeguard assets of beneficiaries is termed as?
Which of the term is the used when a policy has lapsed due to non-payment of premium?
What is the FDI limit in the Insurance sector?
Which of the following term matches with Family Floater?
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called?
An endorsement added to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in a basis policy i...
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