Correct Answer: Credit cards

Solution : The correct option is Credit cards.

In India, credit cards are not a frequently given product by microfinance organisations. Typically, microfinance organisations concentrate on offering financial services to low-income and underprivileged community members, including individuals and small enterprises. These services frequently include insurance plans, savings accounts, and personal loans that are customised to meet the unique requirements of their customers.

Correct Answer: Insurance Regulatory and Development Authority of India (IRDAI)
 

Solution : The correct answer is (b). Insurance Regulatory and Development Authority of India (IRDAI). 

The IRDAI is the regulatory and supervisory body responsible for overseeing the functioning of insurance companies in India. It was established under the Insurance Regulatory and Development Authority Act, 1999. The IRDAI regulates various aspects of the insurance industry, including licensing and registration of insurance companies, framing regulations for insurance products, protecting the interests of policyholders, and promoting the development and growth of the insurance sector in India.

Correct Answer: 1999

Solution : The correct answer is 1999.

In line with the suggestions of the Malhotra Committee report in 1999, the Insurance Regulatory and Development Authority (IRDA) was established as an independent entity to oversee and foster the growth of the insurance sector. Formally constituted as a statutory body, the IRDA came into existence in April 2000. Its primary role is to regulate and promote the development of the insurance industry in India.

Correct Answer: Debasish Panda

Solution : The Correct Option is Debasish Panda

Shri Debasish Panda is an Indian Administrative Service officer from the Uttar Pradesh cadre, class of 1987. Odisha is the State he is from. On March 14, 2022, he began serving as Chairman of the Insurance Regulatory and Development Authority of India.

Correct Answer: NIRVIK

Solution : The correct answer is NIRVIK.

NIRVIK stands for Niryat Rin Vikas Yojana. The scheme was announced by the Export Credit Insurance Scheme (ECIS) to enhance loan availability and ease the lending process. The scheme was introduced to provide enhanced insurance coverage and reduce the premium for small exporters. The ECIS under which the insurance is guaranteed could cover up to 90% of the principal and interest.

Correct Answer: Hyderabad

Solution : The correct option is Hyderabad

The head office of the Insurance Regulatory and Development Authority of India (IRDAI) is located in Hyderabad, Telangana, India. It was established by the Government of India in 1999 as an autonomous and statutory body. The primary objective of IRDAI is to protect the interests of policyholders, promote and regulate the insurance industry, and ensure the financial stability and viability of insurance companies.

Correct Answer: 31

Solution : In the diagram, the shaded parts represent the men who are sales executives in the insurance industry.

Thus, the number of men who are sales executives in the insurance industry = 31. Hence, the third option is correct.

Correct Answer: IRDAI

Solution : The correct answer is (a) IRDAI (Insurance Regulatory and Development Authority of India).

The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body responsible for overseeing and regulating the insurance industry in India. It was established in 1999 under the Insurance Regulatory and Development Authority Act, 1999. IRDAI's primary functions include issuing licenses to insurance companies, framing regulations for the conduct of insurance business, protecting the interests of policyholders, promoting insurance awareness, and ensuring the stability and development of the insurance sector in India. Therefore, option a. IRDAI is the correct answer.

Correct Answer: The National Bank for Agriculture and Rural Development

Solution : The correct answer is The National Bank for Agriculture and Rural Development.

The Self-Help Group Bank linkage program (SHG-BLP) is a major part of the strategy for delivering financial services to marginalised people in India. It was initiated by the National Bank for Agriculture and Rural Development (NABARD) in 1989 and started as a pilot project in 1992. RRBs and commercial and cooperative banks are all part of this famous Self-Help Group Bank linkage program (SHG-BLP).

Correct Answer: Fixed cost

Solution : Total cost includes three types of cost fixed costs, variable costs and semi variable costs. Fixed cost does not varies directly with level of output like rent or insurance. Variable cost varies directly with output like payment for raw material, wages, power,etc. Semi variable cost varies with output level but not indirect proportion like salary plus commission on sales.

Hence, option A is correct.