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It is argued that India is at an inflection point vis-a-vis Centre-State relations owing to increasing asymmetry. Statement 1 is not correct: The preamble does not mention India as a Federal state. Statement 2 is not correct: Article 1 of the Indian Constitution states, ‘India, that is Bharat, shall be a union of states’. Statement 3 is correct: The word federation is not mentioned in the constitution. This means India is a union comprising of various states which are an integral part of it. Here, the states cannot break away from the union.
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyer’s market is called?
What is the role of an actuary in the insurance industry?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
In case of a motor accident, the first step to be taken by the insured is to:
A policy that covers the loss of stock due to refrigeration failure is:
What is the purpose of a "warranty" in an insurance policy?
Which of the following is NOT a common type of insurance policy?
Which part of the policy includes details such as policy duration and limits of liability?
What is the difference between a "condition" and a "warranty" in an insurance policy?
