Current Affairs · Indian Financial System
Which of the following statements is/are correct regarding the Indian financial system and its components? 1. The Principle of Proximate Cause dictates that for an insurance claim to be valid, the immediate cause of the loss must be a peril specifically covered under the policy. 2. SEBI exercises quasi-legislative powers, which include the authority to frame regulations like the SEBI (Issue of Capital and Disclosure Requirements) Regulations. 3. The total Assets Under Management (AUM) of the Indian mutual fund industry surpassed the ₹65 lakh crore mark as of the 2024-25 financial year. Select the answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3✓
- 2Only 1 and 3
- 3Only 2 and 3
- 4Only 1 and 2
Correct answer
1, 2 and 3
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