MCQOPTIONS
Saved Bookmarks
| 1. |
RRBs are permitted to undertake corporate agency business, without risk participation, for distribution of all types of insurance products including health and animal insurance subject to the condition that |
| A. | the bank should comply with the Insurance Regulatory and Development. Authority (IRDA) regulations for acting as 'composite corporate agent' |
| B. | the bank should not adopt any restrictive practice of forcing its customers to go in only for a particular insurance company in respect of assets financed by the bank |
| C. | the risks, if any, involved in insurance agency should, not get transferred to the business of the bank |
| D. | Both [a] and [c] |
| E. | All of the above |
| Answer» F. | |