Question
Which of the following statements about the Insurance
Regulatory and Development Authority of India (IRDAI) is/are correct? 1) It is a statutory body responsible for regulating and promoting the insurance and reinsurance industries in India. 2) It is responsible for promoting competition and innovation in the insurance sector. 3) It comes under the Ministry of Finance.Solution
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established under the Insurance Regulatory and Development Authority Act, 1999. It is responsible for regulating and promoting the insurance and reinsurance industries in India. The IRDAI is also responsible for promoting competition and innovation in the insurance sector. Hence, both statements are correct.
Which of the following best describes a method to handle inconsistent data when integrating datasets from different sources?
A dataset contains "USA," "United States," and "U.S." as country entries. What is the best way to resolve these inconsistencies?
A study estimates the average weight of a population with a 95% confidence interval of (65 kg, 75 kg). What does this mean?
Which sampling technique is best suited for dividing a population into distinct subgroups and ensuring each subgroup is proportionally represented?
Which type of data visualization is most useful for identifying the relationship between two continuous variables?
Which of the following is a characteristic of a relational database management system (RDBMS) that distinguishes it from other database systems?
In data transformation, what is the primary purpose of standardization?
A company notices an increase in sales every December due to holiday shopping. Which component of time series data does this represent?
What is the primary advantage of using the ARIMA (AutoRegressive Integrated Moving Average) model for forecasting time series data?
In the context of metadata for data management, which of the following examples best illustrates descriptive metadata?
