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.
Two trains of equal lengths are running on parallel tracks in the same direction at 46 km/hr and 36 km/hr respectively. The faster train passes the slow...
A train 200 m long passes a man standing on a platform in 10 seconds and passes the platform completely in 30 seconds. Find:
(a) the speed of the...
Train M, ‘x’ metres long crosses (x – 30) metres long platform in 20 seconds while train N having the length (x + 30) metres crosses the same plat...
Train X, traveling at a speed of 36 km/hr, crosses another train Y, which is moving in the opposite direction at a speed of 72 km/hr, in 't' seconds. If...
A train crosses a pole and a platform of length 300 metres in 9 seconds and 24 seconds, respectively. Find the length of train.
The running speed of a train is 100 km/hr. When stoppages are considered, its average speed becomes 80 km/hr. Calculate the time the train halts every h...
A train started from station P and preceded towards station Q at a speed of 54 km/h. 40 minutes later, another train started from station Q and preceded...
Train ‘A’ travelling with a speed of 60 km/h can cross a pole in 15 seconds. If the length of train ‘B’ is 38% less than that of train ‘A’ a...
Two cars start from a place with a speed of 60 km/hr at an interval of 15 minutes. What is the speed of a man coming from the opposite direction towards...
A 140 m long train crosses another 260 m long train running in the opposite direction in 15 seconds. If the shorter train crosses a pole in 14 seconds, ...
