What is the role of the Insurance Regulatory and Development Authority of India (IRDAI) in the insurance sector?
The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body for the insurance sector in India. Its role is to regulate, promote, and ensure fair practices in the insurance sector. The IRDAI issues licenses to insurance companies to operate in India, ensures that insurance companies comply with regulations, and takes action against companies that violate regulations. The IRDAI also protects the interests of policyholders and promotes the growth of the insurance sector in India. Hence, option B is correct.
As far as the features of the Pradhan Mantri Vaya Vandana Yojana (PMVVY) goes, which of the following is true if the pensioner dies during the policy te...
When a commercial bank creates credit, its immediate effect is that it raises
In a repurchase agreement, the percentage difference between the repurchase price and amount borrowed is equal to:
In which year did India's National Spot Exchange Ltd (NSEL) shut down its bullion spot exchange operations following an investigation by the Forward Mar...
Which type of reserves are not to be included for the calculation of Capital for Capital adequacy norms?
The Asset Liability Management (ALM) Statement is to be prepared by every bank and is a regulatory requirement. It shows the maturity time-wise break-up...
__________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
Why is ethics crucial in professional settings?
Which of the following is an Alternate reference interest rate for dollar denominated derivatives and loans that replaced LIBOR?
Sale of an inventory of a firm would be classified as a: