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In accounting, the flow of funds typically occurs between items of the same nature. Current assets and non-current assets are different categories, so the flow of funds does not happen between them. The same principle applies to other options as well. For instance, the flow of funds happens between current assets and current liabilities (a), between non-current liabilities and non-current assets (c), and between current liabilities and current assets (d).
Which committee is associated with insurance sector ?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits is known as?
The Insurance Act has __________sections and ______ schedules.
A contract between you and an insurance company in which you make a lumpsum paymentor a series of payments and in return obtain regular disbursements be...
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is t...
The Insurance Act was first introduced in India in:
What does IRDA mandate for surveyors handling losses above INR 20,000?
