The Act which facilitated the entry of private sector into life and non life insurance: ?->(Show Answer!)

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1. The Act which facilitated the entry of private sector into life and non life insurance:

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MCQ->The Act which facilitated the entry of private sector into life and non life insurance:....

MCQ->Statement: Should there be reservation of jobs in the organizations in the private sector also as in the public sector undertakings in India? Arguments: Yes. This would give more opportunities of development to the weaker sections of the society and thus help reduce the gap between the affluent and the downtrodden in India. No. The private sector does not get any government assistance and therefore they should not be saddled with such policies. No. Nowhere else in the world such a practice is being followed.No. The management of the private sector undertaking would not agree to such compulsions.

MCQ->Statement: Should all the infrastructural development projects in India be handed over to the private sector? Arguments: No. The private sector entities are hot equipped to handle such projects. Yes. Such projects are handled by private sector in the developed countries.

MCQ->Read the following paragraph and answer the question which follows. Fighting the disease reincer is never easy for anyone. However, finding an insurance to be financially prepared for it, definitely is. For the disease requiring a minimum of INR 60 lakh worth medical expenditure, our insurance scheme offers INR 5 lakhs every year for first five years followed by INR 10 lakhs every subsequent yearAn advertisement by an insurance company. Which of the following statements would prove that the insurance policy is flawed in its approach (A) The disease although serious and cash intensive, is total only in 23% of the cases. (B) 75% of the entire amount for treatment is required in the first two of years of contracting the disease. (C) Expenses for treatment of the disease do not fluctuate much based on the intensity of disease and the type of hospitals. (D) If treated within 4 years of contracting the disease, the patient can be completely cured of the disease for life.....

MCQ->Statement: Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks. Courses of Action: The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction. Public sector banks must adopt such policy to remain in competition. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.

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