NoBroker Interview Questions and Answers

Some savings instruments in the Indian financial market include fixed deposits, recurring deposits, public provident fund, and mutual funds.

• Fixed deposits: Offer fixed returns over a specific period of time.

• Recurring deposits: Regular monthly deposits with fixed interest rates.

• Public Provident Fund (PPF): Long-term savings scheme with tax benefits.

• Mutual funds: Pooling money from multiple investors to invest in securities.

Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against potential losses.

• Insurance is a risk management tool that helps individuals and organizations protect themselves against potential financial losses.

• It involves the transfer of risk from the insured to the insurer in exchange for payment of a premium.

• There are various types of insurance such as life insurance, health insurance, auto in...read more

Marketing can be both tough and easier depending on various factors.

• Marketing can be tough because it requires a deep understanding of consumer behavior and market trends.

• It can be challenging to create effective marketing strategies that resonate with the target audience.

• Marketing also involves dealing with competition and constantly evolving technologies.

• On the other hand, marketing can be easier if there is a clear understanding of the target market and effective communica...read more

The current inflation rate in India is around 6.26% as of September 2021.

• The inflation rate in India is influenced by factors such as food prices, fuel prices, and government policies.

• Inflation can impact the cost of living, interest rates, and overall economic growth.

• As of September 2021, the inflation rate in India was reported to be around 6.26%.

Options trading is a type of trading where individuals can buy or sell options contracts based on the price movements of underlying assets.

• Options give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price before a certain date.

• There are two types of options: call options (which give the holder the right to buy) and put options (which give the holder the right to sell).

• Options trading can be used for speculation, hedging, or gen...read more

I believe in the importance of insurance as a financial tool to protect individuals and businesses from unexpected risks.

• Insurance provides financial security and peace of mind in case of emergencies or unforeseen events.

• It helps individuals and businesses manage risks and protect their assets.

• Selling insurance requires understanding the needs of clients and providing them with suitable coverage options.

• Insurance agents play a crucial role in educating clients about the benef...read more

LIC, or Life Insurance Corporation of India, was formed on September 1, 1956.

• LIC was formed on September 1, 1956.

• It was created by the merger of 245 insurance companies.

• LIC is the largest insurance company in India.

• It offers a wide range of insurance and investment products.

• LIC has played a significant role in the development of the insurance sector in India.