Retail Partner Interview Questions and Answers

IRDAI stands for Insurance Regulatory and Development Authority of India.

• IRDAI is the regulatory body for the insurance sector in India.

• It was established in 1999 under the IRDAI Act.

• IRDAI's main objective is to protect the interests of policyholders and promote the growth of the insurance industry.

• It regulates and supervises insurance companies, intermediaries, and other entities in the insurance sector.

• IRDAI sets guidelines and regulations for insurance products, pricing, a...read more

GST stands for Goods and Services Tax. It is a consumption-based tax levied on the supply of goods and services.

• GST is an indirect tax system implemented in many countries, including India, Canada, and Australia.

• It replaces multiple indirect taxes like excise duty, service tax, and value-added tax (VAT).

• GST is designed to simplify the tax structure, promote ease of doing business, and eliminate cascading effects of taxes.

• It is levied at each stage of the supply chain, but the...read more