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Structure of Insurance Market
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1.
Which of the following entities is responsible for regulating the insurance market in India?
SEBI
Reserve Bank of India (RBI)
Insurance Regulatory and Development Authority of India (IRDAI)
Ministry of Finance
2.
Which of the following is the primary objective of IRDAI?
To regulate capital markets
To issue government bonds
To promote competition and ensure fair treatment of policyholders
To manage foreign direct investment
3.
What are the two main segments of the insurance market in India?
Life insurance and motor insurance
General insurance and crop insurance
Life insurance and general insurance
Marine insurance and fire insurance
4.
Which of the following is a life insurance company in India?
New India Assurance
United India Insurance
LIC of India
Oriental Insurance
5.
Which of the following public sector general insurance companies operates in India?
HDFC Life Insurance
SBI Life Insurance
National Insurance Company
ICICI Prudential Life Insurance
Submit Test
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