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Recent Questions and Answers on GroMo

500

What are the benefits of liberalisation of Industry?

Oct 03, 2024 02:45 AM

By: tarundubey100

3 Answers

500

Liberalization can increase foreign direct investment. Liberalization can increase employment opportunities. Liberalization can lead to increased economic growth. For example, in India, liberalization led to a 9.2% industrial growth rate from 1988–1991.

27 days ago

By: JShatrma94

Liberalization can promote competition, efficiency, and innovation, which can stimulate economic growth. Liberalization can help countries specialize in areas where they have a comparative advantage. Liberalization can lead to reduced government intervention and fewer regulations, which can help businesses become more efficient and innovative.

Nov 09, 2024 10:43 PM

By: gulpkhan96

Liberalization, or the process of removing restrictions on private activities, can have many benefits for an industry. Liberalization can increase competition among domestic businesses, which can lead to more efficient production practices and lower prices for consumers.

Oct 16, 2024 10:34 PM

By: Ajmsperi_J

Which among the following is not a correct statement for No claim bonus for motor Insurance?

Feb 28, 2024 07:26 PM

By: vinaybhagat3025

2 Answers

500

The NCB full form is “No Claim Bonus”. this bonus is not available to everyone, you need to meet some conditions to be eligible for it. NCB will help you to fetch a discount on policy renewal. This means you will have to pay less premium compared to what you would have paid if you had raised a claim during the policy period.

Nov 11, 2024 05:55 PM

By: gulpkhan96

Ncb turns to 0 if a claim is made in any year

Aug 27, 2024 10:45 AM

By: shuaibmalik5050

Does KYC stand for know your customer?

Feb 10, 2024 08:46 AM

By: nasiruddina894

2 Answers

500

KYC means Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client''s identity when opening an account and periodically over time.

Nov 11, 2024 05:59 PM

By: HPrrtser93

Yes, KYC stands for "Know Your Customer". KYC is a series of processes that financial institutions use to verify the identity of their customers and ensure they are acting legally.

Nov 09, 2024 10:27 PM

By: gulpkhan96

Which among the following is not a correct statement for Cumulative bonus for health Insurance?

Dec 06, 2023 07:28 PM

By: radhakrishna76780

2 Answers

500

The statement "It is possible to get a 100% discount on a health insurance premium through a Cumulative Bonus" is not correct.

Nov 11, 2024 06:24 PM

By: HPrrtser93

Check

Dec 24, 2023 09:00 AM

By: desidanktalesoffi

Which among the following is not a correct statement for Cumulative bonus for health Insurance? A. Bonus Sum Insured is added by the Insurer in case of a claim free year B. The Bonus is lost if a claim is made in the policy C. The bonus has a maximum limit D. The user can use this bonus as a discount in the next premium which they pay

Nov 29, 2023 03:34 PM

By: akhilamv7483

2 Answers

500

D. The user can use this bonus as a discount in the next premium which they pay

27 days ago

By: visax01986

C - The Answer is The bonus has a maximum limit .

Nov 11, 2024 06:27 PM

By: HPrrtser93