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Questions and Answers
How many life insurance companies are currently operating in India?
How many life insurance companies are currently operating in India?
- 10
- 30
- 15
- 24 (correct)
When was the Insurance Act 1938 enacted in India?
When was the Insurance Act 1938 enacted in India?
- 1972
- 1956
- 1938 (correct)
- 1999
What percentage of the paid up equity capital can foreign investors hold in an Indian insurance company following the 2021 amendment of the Insurance Act?
What percentage of the paid up equity capital can foreign investors hold in an Indian insurance company following the 2021 amendment of the Insurance Act?
- 74% (correct)
- 100%
- 90%
- 50%
Which entity is exempt from the purview of the Insurance Regulator in India?
Which entity is exempt from the purview of the Insurance Regulator in India?
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"General Insurance Business Nationalization Act" led to the nationalization of:
"General Insurance Business Nationalization Act" led to the nationalization of:
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