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In April 2022, which institution has signed an MoU with International Financial Services Centres Authority (IFSCA) to provide skilled talent pool in the insurance sector in International Financial Services Centres (IFSCs)?
  • a)
    Insurance Institute of India
  • b)
    National Insurance Academy
  • c)
    International Institute of Management Studies
  • d)
    Life Insurance Corporation
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In April 2022, which institution has signed an MoU with International...
The International Financial Services Centres Authority (IFSCA) has signed an MoU with the National Insurance Academy (NIA). The objective is capacity building and providing a skilled talent pool in the insurance sector in International Financial Services Centres (IFSCs). This MoU undertakes to build required skilled manpower for the IFSC.
Hence, the correct option is (B).
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Read the information given below carefully and answer.The group of Twenty (G20) was established in 1999 to bring together Finance Ministers and Central Bank Governors of systemically important industrialised and developing economies to discuss key issues relating to the global economy and finance stability. By contributing to the strengthening of the international financial architecture and providing opportunities for dialogue on national policies, international cooperation, and international financial institutions, the G-20 helps to support growth, financial stability and development across the globe.Since its inception, the G20 has held annual Finance Ministers and Central Bank Governor’s meetings and discussed measures to promote financial stability inthe world and achieve sustainable economic growth and development.In the wake of the global financial and economic crisis in 2008, the G20 was elevated to a Leader Summit. It was designated as a premier forum for international economic cooperation in 2009, effectively replacing the G8 as a forum for steering the global issues. The move was considered as a milestone in reforming global governance, making it more inclusive since this forum comprises both emerging as well as industrialised economies.Several landmark reforms of international financial institutions were initiated at the behest of the G20 which heightened the expectation for bringing about fundamental changes in the functioning of the global institutions and in the global governance structure. India as a member of the G20 has been actively engaged in global economic governance and in shaping the world order. The most concerted response to the global economic crisis came from the platform of the G20 countries. G20 Leaders Summits have set the agenda rolling for both short and medium-term actions to meet thecrisis.Q.Which of the following fact mentioned in the passage best highlights the great significance being attached to the G-20 by the world leaders in current politicoeconomic situation of the world?

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In April 2022, which institution has signed an MoU with International Financial Services Centres Authority (IFSCA) to provide skilled talent pool in the insurance sector in International Financial Services Centres (IFSCs)?a)Insurance Institute of Indiab)National Insurance Academyc)International Institute of Management Studiesd)Life Insurance CorporationCorrect answer is option 'B'. Can you explain this answer?
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In April 2022, which institution has signed an MoU with International Financial Services Centres Authority (IFSCA) to provide skilled talent pool in the insurance sector in International Financial Services Centres (IFSCs)?a)Insurance Institute of Indiab)National Insurance Academyc)International Institute of Management Studiesd)Life Insurance CorporationCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In April 2022, which institution has signed an MoU with International Financial Services Centres Authority (IFSCA) to provide skilled talent pool in the insurance sector in International Financial Services Centres (IFSCs)?a)Insurance Institute of Indiab)National Insurance Academyc)International Institute of Management Studiesd)Life Insurance CorporationCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In April 2022, which institution has signed an MoU with International Financial Services Centres Authority (IFSCA) to provide skilled talent pool in the insurance sector in International Financial Services Centres (IFSCs)?a)Insurance Institute of Indiab)National Insurance Academyc)International Institute of Management Studiesd)Life Insurance CorporationCorrect answer is option 'B'. Can you explain this answer?.
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