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In most cases policies are renewed annually except in some cases where policies are issued for a shorter period. Since insurers close their accounts on a particular date, not all policies expire on that date. Many policies extend into the following year based on the date on which they were taken and as such the risk continues beyond the date of closing of books of the insurer. Therefore on the closing date, there is unexpired liability under various policies which may occur during the remaining term of the policy beyond the financial year and therefore, a provision for unexpired risks is made.
Which of the following best describes earned value management?
A pharmaceutical company introduces a new life-saving drug with no close substitutes. The company has a patent on the drug, giving it a monopoly in the ...
Which Indian bank has the lowest net NPAs as of FY24?
What is the key purpose of the Tariff Rate Quota (TRQ) mechanism as outlined in the RBI circular on the import of gold by TRQ holders?
Which account is opened by the investor while registering with an investment broker?
How many e-commerce export hubs are to be set up for MSMEs as per the Budget 2024-25?
Which among the following is NOT a qualitative measure of monetary policy undertaken by the RBI in India?
As per Companies Act a company with what minimum networth will have to comply with CSR provisions?
What is the maximum limit for the Lead Bank’s unsecured loans under the revised guidelines for Urban Co-operative Banks (UCBs) with priority sector lo...
Which of the following is not correctly matched:
Ministry                                         Â...