Question
The Finance ministry has approved the enhancement of
gratuity limit for Life Insurance Corporation (LIC) agents.Which of the following statements is/are true regarding this information- I.The Finance ministry has approved the enhancement of the gratuity limit from Rs 3 lakh to Rs 8 lakh for Life Insurance Corporation (LIC) agents benefitting more than 1.3 million of them. II.The ministry also increased the term insurance cover for agents from the existing Rs 3,000-10,000 to Rs 25,000-1,50,000. III. With regard to LIC employees, the ministry has also approved family pension at a uniform rate of 10 percent for the welfare of families.Solution
 The Finance ministry has approved the enhancement of gratuity limit from Rs 3 lakh to Rs 5 lakh for Life Insurance Corporation (LIC) agents benefitting more than 1.3 million of them.   The ministry also increased the term insurance cover for agents from the existing Rs 3,000-10,000 to Rs 25,000-1,50,000.   The ministry also enabled reappointed agents to be eligible for renewal commissions, thereby providing them with increased financial stability. Currently, LIC agents are not eligible for renewal commission on any business completed under the old agency.    With regard to LIC employees, the ministry has also approved family pension at a uniform rate of 30 per cent for the welfare of families.
- Pipe D can fill a pool in 6 hours and pipe E in 12 hours. If both the pipes are opened in an empty pool, how much time will they take to fill it?
Pipe ‘A’ can fill a tank in 15 hours whereas leak ‘A’ can empty it in 45 hours. If they both operate along with pipe ‘B’, then the given tan...
If a tank can be filled by a tap in 12 hours, but due to an outlet, it actually takes 6 hours longer to fill the tank, find the duration in which the ou...
Pipes 'X' and 'Y' can fill a tank in 15 hours and 10 hours respectively, while pipe 'Z' can empty it in 30 hours. All pipes are opened together when the...
Pipe ‘A’ takes 10 minutes to fill a tank. Pipe ‘B’ takes 20 minutes to empty the same tank. If pipe ‘B’ is opened 4 ...
Three pipes P, Q and R which are used to fill a tank. Each of the three pipes can be used either as an inlet pipe or as an outlet pipe. Each of the pipe...
A cistern has a leak that can empty it in 12 hours. A tap is turned on, which fills water at the rate of 15 liters per hour. Now, the cistern gets empti...
- Tap 'A' can fill a tank 'X' in 36 minutes while it takes 54 minutes when there is a leakage tank 'Y'. If tap 'B' is 33(1/3)% less efficient than tap 'A', t...
A tank is filled with three pipes A, B, and C. Pipe A takes 18 hr. to fill 60% of the tank and Pipe B takes 8 hr. to fill 40% of the tank. Pipe A and Pi...
Tap A can fill a tank in 9 hours. Tap B can fill 37.5% part of the same tank in 3 hours, whereas Tap C can alone empty a tank in ‘x’ hours. 2/5 part...
