What is the primary purpose of the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India?
Consider the following pairs:
1. Deposit Insurance and Credit Guarantee Corporation (DICGC) - Merged in 1978
2. Export Credit Guarantee Corporation (ECGC) - Under the Ministry of Finance
3. National Export Insurance Account (NEIA) - Established in 2006
4. Insurance Penetration - Ratio of premium underwritten in a given year to total population
How many pairs given above are correctly matched?
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Consider the following statements:
Statement-I:
The 'third-party' insurance provided by non-life insurance companies covers the risk on other than the 'two parties' involved in an insurance policy.
Statement-II:
The 'third-party' insurance policy provides benefits to the insured in case of accidents or damage involving third parties.
Which one of the following is correct in respect of the above statements?
Consider the following statements:
1. The Deposit Insurance and Credit Guarantee Corporation (DICGC) was established by merging the Deposit Insurance Corporation and the Credit Guarantee Corporation.
2. The DICGC initially focused on credit guarantees due to the nationalisation of most large banks in India.
3. The National Export Insurance Account (NEIA) was set up to provide credit insurance support for projects that ECGC could not cover on its own.
Which of the statements given above is/are correct?
Consider the following statements:
Statement-I:
Deposit Insurance and Credit Guarantee Corporation (DICGC) was established by merging the Deposit Insurance Corporation and the Credit Guarantee Corporation in 1978, with a focus on providing credit guarantees.
Statement-II:
National Export Insurance Account (NEIA) was set up by the Government of India in 2006 to promote medium- and long-term exports by providing credit insurance support in cases where ECGC was unable to provide credit cover on its own.
Which one of the following is correct in respect of the above statements?
Consider the following statements about the insurance sector in India:
1. The Insurance Regulatory and Development Authority of India (IRDAI) set market-linked adjustments in third-party insurance premiums by early 2020.
2. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) offers a renewable one-year term life cover of ₹2 lakh for subscribers.
3. The National Health Protection Scheme (NHPS) under Ayushman Bharat aims to provide coverage of up to ₹10 lakh to over 50 crore vulnerable families.
Which of the statements given above is/are correct?
Consider the following statements:
1. The Insurance Laws (Amendment) Act, 2015 increased the foreign equity investment cap in an Indian insurance company to 49 percent.
2. The Act allows public sector general insurance companies to raise capital even though they are required to be 100 percent government-owned.
3. The Act mandates that all insurance agents must be appointed directly by the IRDAI.
Which of the statements given above is/are correct?
Consider the following pairs:
1. Life Insurance Corporation of India (LIC) - Set up in 1956
2. General Insurance Corporation of India (GIC) - Started operation in 1972
3. Agriculture Insurance Company of India Limited (AICIL) - Set up in 2003
4. Insurance Regulatory and Development Authority (IRDA) - Set up in 2000
How many pairs given above are correctly matched?
Consider the following statements:
1. The Life Insurance Corporation of India (LIC) was set up as a government-owned entity in 1971.
2. The General Insurance Corporation of India (GIC) was notified as the Indian Reinsurer in November 2000.
3. Agriculture Insurance Company of India Limited (AICIL) is responsible for the Prime Minister Fasal Bima Yojana (PMFBY).
Which of the statements given above is/are correct?
What does third-party insurance primarily cover in the context of vehicle insurance?
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106 videos|306 docs|135 tests
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