Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy External Sector and Currency Exchange rate
Consider the following statements with respect to the Insurance Sector:
1. 100% FDI under automatic route is allowed in the Indian Insurance sector.
2. Insurance penetration is measured as the percentage of insurance premium to GDP.
3. Insurance density is calculated as the ratio of premium to population.
Which of the statements given above is/are correct?
1
1 and 2
2
2 only
3
2 and 3
4
All of the above