IndiaFirst Life Insurance Interview Questions and Answers

Yes, Fin Tech has a greater role to play in the financial sector.

• Fin Tech has revolutionized the financial sector by introducing innovative solutions and improving efficiency.

• It has made financial services more accessible and convenient for customers.

• Fin Tech companies have disrupted traditional banking models by offering alternative lending platforms, digital payment solutions, and robo-advisory services.

• The use of artificial intelligence and machine learning in Fin Tech has...read more

Yes, India can achieve 5 Trillion Dollar Economy by focusing on infrastructure, technology, education, and ease of doing business.

• Investment in infrastructure development such as roads, railways, airports, and ports

• Promotion of technology and innovation to increase productivity and efficiency

• Improvement in education and skill development to create a skilled workforce

• Simplification of regulations and procedures to improve ease of doing business

• Encouragement of entrepreneurship...read more

Central bank digital currency (CBDC) is a digital form of a country's fiat currency issued and regulated by the central bank.

• CBDC is a digital version of a country's currency that is issued and regulated by the central bank.

• It is designed to function as a secure and efficient medium of exchange, just like physical cash.

• CBDC can be used for both retail and wholesale transactions, enabling individuals and businesses to make digital payments directly to the central bank.

• Unlike c...read more

Monetization of budget deficit refers to the process of financing government spending by printing new money or borrowing from the central bank.

• It involves creating new money to finance government spending

• It can lead to inflation and devaluation of currency

• It can also lead to increased government debt

• Examples include quantitative easing and deficit financing

• It is often used as a last resort when other financing options are not available

Brexit's impact on UK's future is uncertain and depends on various factors.

• Brexit may lead to new trade deals with non-EU countries

• It may also result in loss of access to EU markets and talent

• The impact on industries like finance and agriculture is unclear

• Brexit may also affect the unity of the UK

• Overall, the long-term effects of Brexit are difficult to predict

Green finance refers to financial investments that support environmentally sustainable economic growth.

• Green finance includes investments in renewable energy, energy efficiency, sustainable agriculture, and clean transportation.

• It also involves the integration of environmental, social, and governance (ESG) factors into investment decision-making.

• Green bonds, green loans, and green insurance are examples of financial products that support green finance.

• Green finance is becomin...read more