Special drawing rights (SDR) refer to an international type of monetary reserve currency created by the International Monetary Fund (IMF) in 1969 that operates as a supplement to the existing money reserves of member countries (India joined the IMF on December, 1945). Created in response to concerns about the limitations of gold and dollars as the sole means of settling international accounts, SDRs augment international liquidity by supplementing the standard reserve currencies. An SDR is essentially an artificial currency instrument used by the IMF, The value of the SDR is based on a basket of fivecurrencies—the U.S. dollar, the euro, the Chinese Renminbi, the Japanese yen, and the British pound sterling. The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith & credit of the member countries' governments. The makeup of the SDR is re-evaluated every fiveyears .
A policy that covers the cost of repairing or replacing plate glass is:
The Private equity investors shall not hold more than _________ percent of the paid up equity share capital of the Indian insurance company.
Which insurance policy covers the construction phase of a building project?
__________ in insurance is the splitting or spreading of risk among multiple parties.
Which type of insurance usually requires higher premium ?
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underw...
General Insurance Corporation of India (GIC) was established in:
The part of the policy that is specific to each insured individual is:
Section 39 of Insurance Act related with which of the following ?
The coinsurance is specified by which of the following term?
