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Career In Insurance: Roles, Recruitment, Jobs In Government And Private Sector

Career In Insurance: Roles, Recruitment, Jobs In Government And Private Sector

Edited By Pramod Nagpal | Updated on Jan 16, 2023 09:10 AM IST | #Family Medicine

Insurance is an important risk management tool. When we buy insurance, we incur a cost (called an insurance premium) to buy protection against unexpected financial losses.

Where India Stands

India, from having just one company offering life insurance in the year 2000 (LIC of India), currently has 24 life insurance companies. Similarly, India had only four general insurance companies (non-life insurance businesses) earlier, that too in the government sector. Now it has a total of 33 of them, with 29 of them in the private sector. Besides, we also now have 10 companies in the field of reinsurance.

Career In Insurance: Roles, Recruitment, Jobs In Government And Private Sector
Career In Insurance: Roles, Recruitment, Jobs In Government And Private Sector

With the growth of the Indian economy, India has seen tremendous growth in the insurance sector as well, yet insurance penetration in the country is very low. In the financial year 2021, India’s life insurance penetration stood at around 3%, while the non-life insurance penetration was much lower at 1%. The overall penetration for the industry was over 4% in 2021. (source – www.statista.com )

India is the largest growing economy in the world and is poised to be a $ 5 trillion economy in the next few years, and therefore, it is a no-brainer that the field of insurance holds enormous growth potential, offering exciting career options and opportunities in a large variety of roles.

Also Read | Check Out The Top Career Options In Commerce

Roles Offered In Insurance

Besides general roles available in any industry viz. marketing, finance, accounting, HR etc., the insurance industry offers various specialised roles as well. Some of them are:-

  • Audit and Risk Management
  • Actuarial services
  • Administration
  • Business Research
  • Channel Development
  • Customer Service
  • Claims
  • Sales- Alternate channels/Retail/Direct/Online
  • Operations
  • Underwriting
  • Quality Management

career in insurance, role in insurance, Jobs in insurance  The Insurance Industry Offers Various Specialised Roles

Types Of Companies

Insurance professionals are generally appointed by the following types of companies:-

  • Insurance companies (both life insurance and general insurance) in government and private sectors
  • Reinsurance companies
  • Insurance/reinsurance brokers
  • Practising actuaries and actuarial firms
  • Third-party administrators (TPAs)
  • Banks
  • NBFCs (Non-Banking Finance Companies)
  • Microfinance Companies

Besides, all big and medium-sized companies invariably have separate insurance divisions/professionals to look after their insurance needs, cover various risks associated with their businesses, file claims, and liaise with insurance companies for settlement of claims.

Also Read | 5 Steps To Choosing A Counsellor For Yourself

Jobs In Insurance: Private Sector

The function of private sector insurance companies is similar to those in government sector, However, job titles in the private sector are different from those in the public sector. Various functions in private sector insurance are briefly described below.

Sales And Distribution

The insurance industry employs a very large number of sales professionals. They work as agents (freelance professionals and not as employees) and on a commission basis. Successful agents earn high amounts of commission and have the benefit of flexible working hours.

They are sometimes given titles such as sales executives/relationship manager/ financial planning associate etc. for entry-level openings. Those with a few years of experience are appointed as sales managers/business development managers, etc.

Depending upon performance, one can go on to becoming branch manager, zonal head, regional manager, national sales head, and the like.

There are mainly two types of sales channels in the insurance sector and offer promising job opportunities for those interested in the field.

Direct Agency Sales Channels | The sales through agents who are appointed by development officers, who in turn report to the branch manager form the direct sales channel. This generatews substantial business for insurance companies.

Alternate Sales Channels | Distributors who operate independently of various points of sales (also referred to as third-party distribution channels) form alternate sales channels. Insurance companies enter into tie-ups with banks for the sales and distribution of insurance products. Insurance brokers, corporate agency arrangements/ tie-ups etc. are also major components of alternate sales channels. Some new-age companies have also entered into the business of providing insurance policies from insurance companies to customers through their online portals, for instance, Policybazaar and Coverfox.

career in insurance, role in insurance, Jobs in insurance  The Insurance Industry Employs A Large Number Of Sales Professionals

Recruitment In Insurance: Government Sector

Let us understand how recruitment works in government sector insurance companies.

Assistant Administrative Officer

Recruitment in LIC of India and General Insurance Corporation of India (GIC), which has four subsidiaries, is done at the level of Assistant Administrative Officer (AAO), which is a Class I officer position.

  • During the probation period of six months, the incumbents are exposed to various facets of the insurance business like policy making, dealing with claims, checking policy clauses and details, filing returns, management reporting etc.
  • On the business development front, incumbents deal with marketing, development and promotion of the insurance business.
  • The Accounts AAOs are trained for the management of funds, including income and expenses.

After serving as AAO for a minimum of three years, one can be promoted to Administrative Officer (AO).

Development Officer

People are also hired as Development Officers, which is a Class II officer position. The Development Officer is incharge of the development of the insurance business. They handle the recruitment of agents, train them for procurement of new business and servicing to existing policies and customers.

Also Read | Know Yourself, Communicate: Tips For Choosing A Career Different From The Family Norm

Specialised Roles

The following specialised officials are required both in the government sector as well as the private sector in the insurance industry.

Actuaries

An actuary is one of the most important functionaries in an insurance company.

  • Actuaries specialise in the field of analysing financial risks by using statistical, financial and mathematical modelling techniques. They assess the probability of an event and its financial consequences.
  • Their expertise helps in designing insurance products and their premiums, help in providing additional features in insurance policies (also called riders) and calculating the additional premium payable for such features/riders.
  • Actuaries also advise businesses about the funds required to be kept aside for meeting contingencies and claims.

Actuaries are in great demand (in fact, the number of actuaries relative to their demand, is quite less in India), and they are highly paid and valued.

Insurance Underwriters

It is said that insurance can’t work without good underwriters.

  • Insurance policies are basically created (underwritten) by underwriters.
  • The underwriter takes decisions regarding coverage in an insurance policy and the premium to be charged therefor.
  • A good underwriter has the financial, technical, and risk assessment know-how to design an insurance product for clients, such that it meets the requirements of the customer and is good business for insurers as well.

The underwriter may decide to pass on a part of the risk to another insurer, which is called “reinsurance”.

Insurance Surveyors, Loss Assessors

As per extant laws, no claim under any kind of insurance policy can be settled unless a report has been obtained on the loss that has occurred, from a person who holds a licence to act as a surveyor or loss assessor. Thus, the surveyor is an important professional having the requisite skills and techniques to make an assessment of losses vis-a-vis terms of policy and coverage details, reasonability of claim, omissions, if any, etc.

career in insurance, role in insurance, Jobs in insurance  An Insurance Surveyor Or Loss Assessors Is A Professional Who Makes An Assessment Of Loses

Investment Professionals

Investment professionals are also required for investing the funds of insurance companies (in equities, bonds, etc.) and treasury functions.

Real Estate, Civil Engineers

There is no bigger real estate owner in India than LIC of India. There are separate departments of LIC looking after its property-related matters, which is why LIC requires professionals in civil engineering, valuation, maintenance, and law.

Operations

The insurance sector also requires data analysts, IT professionals, network engineers, and software and hardware professionals to smoothly run its operations and provide state-of-the-art customer interface to its customers.

Also Read | What Will Be A Good Career Option For You? Understanding Yourself And The Industry

Pramod Nagpal is Chartered Accountant by training, (Retd.) Managing Director, Central Cottage Industries Corporation Of India Ltd. (A Govt. Of India undertaking, under Ministry Of Textiles). He holds close to four decades of experience in the areas of finance and commerce. Pramod has keen interest in the field of education, and guiding students on harnessing available opportunities to achieve their goals.

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Questions related to Family Medicine

Have a question related to Family Medicine ?

Dear Aspirant,

I understand your situation.

No job can guarantee you quick money. The rate at which your income will increase depends on your skills and abilities .

Generally after finishing MBBS it is quite hard to get into a good college for MD and then to pursue independent practice. The path is challenging and there is a huge bias towards people who have medical background.

But, if you are willing to work hard and prove yourself you can ensure that you'll always have enough money with yourself for your survival. You will be able to increase your income once you gain the trust of people.

Hope this helps.



Yes,

You can surely go for diploma in family medicine after bams.

Some of the good medical colleges are

1. Cmc,vellore Rank 1

2. St. Johnes medical college, banglore Rank 14

3. CSI kalyani multispeciality hospital, chennai

4. Institute of health and family welfare, Kolkata

You can get further information here at

https://www.careers360.com/courses/diploma-in-family-medicine

Hello,

Hope you are doing good!

DNB Family Medicine - Diplomate of National Board is a medical qualification awarded by the National Board of Examinations (NBE). The DNB Family Medicine course is approved by the Government of India and is considered equivalent to the postgraduate and post-doctoral programs offered by the Medical Colleges, institute & hospital in India. One of the unique aspects that the specialty of family medicine offers is a higher degree of flexibility than many other medical specialties when it comes to location, work environment, and areas of focus. It also offers a good work-life balance and a strong sense of personal satisfaction.

DNB Family Medicine is a private preparing cum-business post-graduate program in family medication incorporating the scholarly and clinical parts of family drug. Specialists should mandatorily turn in various divisions - general medication, general medical procedure, obstetrics and gynecology, pediatrics, setback and crisis care.

Duration of both MD & DNB courses is 3 years, run in both government and private set up with the similar quality standard of the host institute, similar academic activities, compulsory thesis work of 1-year duration under a qualified thesis guide with external review process (exposure to research methodology), and academic activities (library and journal facility, presentation in national and international conferences, research article publication, training program, workshop, and CME).

Some best Hospitals for DNB Family Medicine are :

  1. Stephen's, Delhi
  2. Hinduja, Mumbai
  3. Sir Gangaram, Delhi
  4. Holy Family Hospital, Mumbai
  5. Deenanath mangeshkar, Pune
  6. Philomena Hospital, Bangalore
  7. Breach Candy Hospital, Mumbai
  8. MGIMS, Sevagram, Maharashtra
  9. Indira Gandhi Hospital, Pondicherry
  10. Bhabha Atomic Research centre, Mumbai
  11. Lilavati Hospital and Research Centre, Bandra, Mumbai.



All the best!

Hope it will help!

Thank you!


As per previous year trends (NEET PG 2020) the closing rank to get DNB (Diplomate of National Board) Family Medicine (for OBC - Non Creamy Layer Category) is around 33 to 34k. H ence , with 41k rank, it is difficult to get DNB Family Medicine in Karnataka, via OBC-NCL Category. However, with recent increase in Reservation for OBC Candidates , you do have some chances to get a seat.

Alternatively, if you want to know what all medical colleges (MD/MS/Diploma) you can get with your NEET PG Rank, you may use NEET PG College Predictor Tool - NEET PG College Predictor 2021 - Predict Colleges based on your NEET PG Rank (careers360.com)

As per previous year trends the closing rank to get DNB (Diplomate of National Board) Family Medicine (for General Category) is around 28K to 30k. S o with 41k rank and assuming you belong to General/Unreserved Category, it is difficult to get DNB Family Medicine in Karnataka.

Alternatively, if you want to know what all medical colleges (MD/MS/Diploma) you can get with your NEET PG Rank, you may use NEET PG College Predictor Tool - NEET PG College Predictor 2021 - Predict Colleges based on your NEET PG Rank (careers360.com)

Directions for question :

M/s Deloitte Touche Tohmatsu Limited, one of the top four audit and accounting firms in the world with headquarters at London, UK, and with an operational presence in 153 countries, hires Management Trainees (MT) from all the premier management institutes of India thrice every year, in the months of January, May and September.

Each new group of Management Trainees (MT) have to go through a four month rigorous training schedule, after which they have to pass through a test consisting of a written assessment and a case-analysis. The top hundred ranked Management Trainees (MT) based on the performance in the test are confirmed as Management Executives (ME). The rest are given the opportunity of undergoing the training for four months one more time along with the next batch of Management Trainees (MT) and then passing through the subsequent test consisting of the written assessment and case-analysis. The Management Trainee (MT) who fails to get confirmed as a Management Executive (ME) the second time is fired.

The scatter-graph below depicts the number of Management Trainees (MT) at Deloitte taking the tests from January 2020 till May 2022, and the vis-à-vis hired Management Trainees (MT) at Deloitte who were fired :

It is also known that for the month of September 2019 at Deloitte, 96 hired Management Trainees (MT) failed to be confirmed as a Management Executive (ME) the first time, and that 36 hired Management Trainees (MT) were fired. 

Question :

In which test did the minimum number of Management Trainees (MT) get confirmed as a Management Executive (ME) in the second attempt ?

Option: 1

September 2020

 

 


Option: 2

May 2021


Option: 3

January 2021

 


Option: 4

January 2022 


Directions for question:

Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

On the backdrop of the above information answer the questions given :

Question: 

Assuming that the next customer's order could only be attended to when the previous customer's order was closed, at what time would the first customer's order be considered closed ?

 

Option: 1

6.15 pm

 

 


Option: 2

6.17 pm

 


Option: 3

6.18 pm

 


Option: 4

6.20 pm


Directions for question :

Six sticks of equal lengths were kept in the vertical position in an empty flower-vase, to be arranged at the six corners of a regular hexagon. The two ends of each of the sticks were of different colours. 

The top ends of the sticks were one of each of the following colours – Red, Cyan, Pink, Brown, Black and Green. The bottom ends were one of each of the following colours – Blue, Yellow, White, Orange, Purple and Grey. Both the sets of colours mentioned were in no particular order.

It was also known that :

a) The stick with the red colour was opposite to the stick with the blue colour

b) There were exactly two sticks whose both ends had colours whose names started with the same letter

c) The stick with the grey colour was adjacent to the stick with the white colour

d) The stick with the cyan colour was adjacent to both the sticks with the brown colour and the one with the blue colour

e) The stick with the purple colour was adjacent to both the sticks with the grey colour and the one with the green colour

f) The stick with the white colour was opposite to the stick with the green colour

Question :

What was the colour of the bottom end of the stick having brown colour at the top end ?

Option: 1

 White 

 


Option: 2

Yellow 


Option: 3

Black

 


Option: 4

Grey


Directions for question:

Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

On the backdrop of the above information answer the questions given :

Question: 

Assuming that the next customer's order could only be attended to when the previous customer's order was closed, at what time would the third customer's order be considered closed ?

 

Option: 1

6.28 pm

 


Option: 2

6.35 pm

 


Option: 3

6.38 pm


Option: 4

6.45 pm


Directions for question:

Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

On the backdrop of the above information answer the questions given :

Question: 

Suppose Moloy and Niloy had decided to process multiple orders at the same time, however strictly prioritising a first come first serve basis, when would the second customer's order be considered closed ?

Option: 1

6.20 pm

 

 


Option: 2

6.18 pm


Option: 3

6.15 pm

 


Option: 4

6.12 pm


Directions for question:

Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

On the backdrop of the above information answer the questions given :

Question: 

Suppose Moloy and Niloy had decided to process multiple orders at the same time, however strictly prioritising a first come first serve basis, when would the third customer's order be considered closed ?

 

Option: 1

6.22 pm

 


Option: 2

6.25 pm


Option: 3

6.28 pm 


Option: 4

6.30 pm


Directions for question:

Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

On the backdrop of the above information answer the questions given :

Question: 

A fourth customer comes in and orders two plates of French Toast at 6.24 pm. Suppose Moloy and Niloy had decided to process multiple orders at the same time, however strictly prioritising a first come first serve basis. For exactly how many minutes would one of the friends be idle from 6.00 pm till serving the last customer, assuming that the four customers were the only ones to have come in within the period being discussed ?

Option: 1

9

 


Option: 2

13


Option: 3

18


Option: 4

21


Directions for question:

Two friends Moloy and Niloy passed out from the Purulia Institute of Science and Technology with B.Tech degrees in Mechanical Engineering, but even after a year placement was hard to find. So they decided to take the challenge head-on, came down to Kolkata, rented a garage space on Park Street, and having an affinity towards making people enjoy good food, started their firm named 'B.Tech Bread-Omlette Wala'. 

They started with three items on the menu. One was the French Toast which could be prepared in 3 minutes. The second was the Egg Tortillas which took 15 minutes to prepare. Any one of Moloy and Niloy could prepare any one of them at a time. The third was the Egg Bhurji with French Fries. This however was prepared on an automated fryer which could prepare 3 servings at a time and took 5 minutes irrespective of the number of servings equal to or below 3. The fryer did not need anyone to attend to it, and the time to put in the raw ingredients could be neglected. So one could tend to the preparation of other items while the Egg Bhurji with French Fries were being prepared. 

They wanted to serve the orders as early as possible after the order was given. The individual items in any order were served as and when all the items were ready, and the order was then considered closed. None of the items on the menu were prepared in advance in anticipation of future orders. 

On the first day, 3 groups of customers came in and ordered at 6.00 pm, 6.10 pm, and 6.13 pm. The first order was for a plate of Egg Tortillas, two plates of French Toast, and three plates of Egg Bhurji with French Fries. The second order was for a plate of French Toast and two plates of Egg Bhurji with French Fries. The third order was for a plate of Egg Tortilla and a plate of Egg Bhurji with French Fries. 

On the backdrop of the above information answer the questions given :

Question: 

Had Niloy been absent on that day, and assuming that the next customer's order could only be attended to when the previous customer's order was closed, at what time would the fourth customer's order (refer to the previous question) be considered closed ?

Option: 1

6:38 pm

 


Option: 2

6:42 pm

 


Option: 3

6:47 pm


Option: 4

6:49 pm


Directions for question:

The bar-graph given below shows the foreign exchange reserves of Nepal (in million Rupees) from 2014 to 2021. Answer the following questions based on the graph :

Question:

What was the percentage increase (rounded to the nearest integer, if deemed necessary) in the foreign exchange reserves in 2020 over 2016 ?

Option: 1 None

Option: 2 None

Option: 3 None

Option: 4 None

Directions for question:

The Jadavpur University’s Prince Anwar Shah Road hostel consists of two large separate buildings, one for the ladies and the other for the gents, while having a common kitchen and dining hall. It is the hostel of the CS and the EEC department of engineering students of the university.

In recognition of the growing dissatisfaction and hence complaints among the inmates of the hostel regarding the menu served for dinner, the Dean of the engineering department, Dr Aparesh Sanyal, personally decided to investigate the matter. He set about collecting information about the preference of dinner among the inmates, separately from the gents and the ladies wing of the hostel.

Dr Sanyal was able to gather the following partial information :  

 

Hostel inmates

Menu preference for dinner

Total

Egg Meal

Fish Meal

Chicken Meal

Gents

   

20

 

Ladies

     

64

Total

 

60

   

 

The Warden of the hostel was consulted, who after investigation declared that the following facts were clear :

1. Forty percent of the hostel inmates were ladies

2. One-third of the gentlemen inmates preferred an egg meal for dinner

3. Half the hostel inmates preferred either fish meal or chicken meal

Question:

What proportion of the lady hostel inmates preferred a fish meal for dinner ?

 

 

Option: 1

0.25

 

 


Option: 2

0.50

 


Option: 3

0.75

 


Option: 4

1.00 


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