Question
General Knowledge Question on Banking Abbreviations
Given below are two statements :
Statement I : The performance and potential of insurance sector is assessed using insurance density as an indicator.
Statement II : The performance and potential of insurance sector is assessed using insurance penetration as an indicator.
In the light of the above statements, choose the most appropriate answer from the options given below.
A
Both Statement I and Statement II are correct
B
Both Statement I and Statement II are incorrect
C
Statement I is correct but Statement II is incorrect
D
Statement I is incorrect but Statement II is correct
Answer
Both Statement I and Statement II are correct
Explanation
Solution
The Correct Option is (A) :Both Statement I and Statement II are correct